Bitcoin's price has stalled at $84,000 as investors await the upcoming Federal Open Market Committee (FOMC) meeting. Analysts are expressing caution, with some warning that a further decline in prices may be imminent. Recent trading activity suggests that the market is in a state of uncertainty, influenced by broader economic signals and speculation around potential interest rate changes by the Federal Reserve. This meeting is critical, as shifts in monetary policy can have significant impacts on cryptocurrency markets. Traders are advised to keep a close watch on developments in both the cryptocurrency space and traditional financial markets, as they may be closely intertwined during this period of heightened volatility.
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