Analyst Warns Bitcoin Price Could Drop to $77K After FOMC

Bitcoin is moving higher ahead of today’s Federal Reserve decision, but analyst Ali Martinez believes the more important move could come after the FOMC meeting. BTC gained roughly 1.4% earlier today, moving from around $80,600 toward $81,700. That rebound might look constructive at first glance. Ali, however, points to several on-chain signals that make him cautious about what happens once the Fed decision is out. Bitcoin needs to hold $81,000 and reclaim $84,500. If $81,000 gives way, he believes $77,000 becomes the next important downside target.