Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting
Bitcoin (BTC) bulls are once again on the defensive foot after the breakout momentum that put the price above $50,000 on the weekend evaporated and pulled the price under $47,000. Analysts say the slight pullback in equities markets and the upcoming Federal Open Market Committee (FOMC) meeting are the primary reasons for today's pullback and a few suggest that a revisit to the swing low at $42,000 could be on the cards.
Here’s a look at what analysts are saying about the current Bitcoin price action and what they expect in the short term.
The current headwinds facing BTC are in large part being influenced by regulatory matters in the United States, as highlighted in a recent report from Delphi Digital, which noted that “the latest tightening
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