by Coinstrooper Crypto Articles
Quick Take
  • Federal Reserve Chair Jerome Powell’s final press conference Wednesday delivered the catalyst.
  • “The absence of a clean handoff to Warsh suggests the potential for discord over policy at the Fed,” Perfumo said in a note shared with DL News.
  • Traders responded by dumping $138 million in spot Bitcoin ETFs following the meeting, reversing a chunk of April’s recovery.
  • That’s a notable reversal given the roughly $2 billion that poured into Bitcoin ETFs this month, April remains BTC’s best month since October.

What Happened

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Market Context

Bitcoin price is bleeding, BTC trades at $76,000, down 1.75% over 24 hours and 2.15% over the past week, a slide that’s accelerating bearish prediction on macro headwinds most traders didn’t fully price in.

Bitcoin dropped 2% to $75,000 in the immediate aftermath as markets absorbed a fractured Fed decision, four dissents on a single vote, the most since October 1992, according to Kraken chief economist Thomas Perfumo.

With Polymarket odds showing only a 10% chance of BTC hitting $100K+ by December 31, 2026, and 90% odds of rates holding steady through year-end, the macro setup isn’t doing Bitcoin any favors right now.

Bitcoin Price Prediction: Can BTC Price Recover Above $78,000 or Is a Deeper Drop Incoming?

BTC is giving mixed signals right now, and that is usually when the market is building toward a bigger move.

Price is sitting around the pivot near $76.5K, with support stacked below at $75.6K, $74.8K, and the key level at $73.9K. That last one is the real floor, lose it and the structure turns clearly bearish.

Most likely for now, BTC ranges between roughly $75.5K and $78.2K while the market waits for macro clarity.

If BTC breaks above $78K with volume, it can push toward the low $80Ks. If $73.9K breaks, downside opens fast toward $70K.

The post Bitcoin Price Prediction: Powell’s Final Fed Meeting Just Triggered the Most Dissenting Votes Since 1992 – Is BTC About to Pay the Price? appeared first on Cryptonews.

Why It Matters

“The absence of a clean handoff to Warsh suggests the potential for discord over policy at the Fed,” Perfumo said in a note shared with DL News.

Details

Federal Reserve Chair Jerome Powell’s final press conference Wednesday delivered the catalyst.

Traders responded by dumping $138 million in spot Bitcoin ETFs following the meeting, reversing a chunk of April’s recovery. That’s a notable reversal given the roughly $2 billion that poured into Bitcoin ETFs this month, April remains BTC’s best month since October.

On the upside, resistance is layered at $77.3K, $78.2K, and $78.9K. Reclaiming that zone is what flips momentum back toward a move higher.

RSI is neutral, so there is no clear momentum edge, but fear is elevated, which can sometimes set up reversals if buyers step in.

So this is a high-uncertainty setup, not bearish enough to collapse, not bullish enough to run, just building pressure for the next move.

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