Bitcoin bulls aimed to avoid further tests near $100,000 on January 29, pending a significant decision from the US Federal Reserve regarding interest rates. Market focus remained on a price level of $102,000 while BTC/USD fluctuated close to $100,000, with sellers unable to incite a major decline. Anticipation surrounded the Federal Open Market Committee's announcement scheduled for 2:30 pm ET, particularly amid comments from President Trump demanding immediate interest rate cuts. Traders expressed concerns about whether Fed Chair Jerome Powell would uphold the Fed's established plans or yield to political pressure. Despite market uncertainty, current estimates suggested little expectation for immediate rate adjustments, with a consensus leaning towards maintaining the rate. Popular trader insights pointed to key BTC price levels, with $96,000 needing to sustain support and $103,000 signaling potential breakout threshold. Strengthened liquidity at $104,000 indicated significant market behavior as the FOMC approached.

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