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Bitcoin Dips to $67.9K After FOMC's Record Dissent: Volatility Looms Post-Powell

Bitcoin trades near $67,900 following the FOMC meeting, which saw the most dissenting votes since 1992 amid mixed US data including 0.2% m/m Core PCE, 35.4 Chicago PMI, and 1.3% Q1 GDP. Entering the event at $76K–$79K after a 20% April rally, BTC fulfilled historical patterns of post-FOMC declines seen in 8 of the last 9 meetings, stalling below $80K resistance. ETF flows were mixed with Fidelity inflows and Ark outflows, while technicals show a $68,100 pivot, $67,500 support, and neutral RSI near 47—setting up range volatility or further downside if supports break.

Category

Bitcoin

Sentiment

Mixed

Event

Forecast

Reading time

1 min