Bitcoin is approaching a crucial week with the Federal Open Market Committee (FOMC) meeting on interest rates looming. The cryptocurrency has maintained its $80,000 support level, but with lingering market uncertainties. Trading experts suggest that the price may retrace to around $78,000 before a potential upside breakout, targeting between $85,400 and $87,100. Recent trends show a shift in behavior among short-term holders, who are increasingly accumulating Bitcoin instead of selling their holdings. Historical analysis indicates the possibility of Bitcoin reaching a new all-time high of $126,000 by June, with April being a historically strong month for price gains. Additionally, a sentiment analysis points to $70,000 being a significant watershed in market perceptions, as many investors are fearful. A bullish market scenario hinges on comments from Fed Chair Jerome Powell, particularly regarding any hints at quantitative easing. This liquidity context might catalyze a crypto market rebound as the global money supply continues to expand.

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