The upcoming interest rate decision by the Federal Reserve is causing tension in the Bitcoin market, potentially leading to significant price movements.
Analysts believe that the outcome of the decision, whether it's a 25 or 50 basis points rate cut, could impact Bitcoin ETFs and perpetual markets.
Bitcoin recently formed a double bottom at key support levels around $52,000, indicating a potential bottom for the cryptocurrency.
Instead of focusing on specific price targets, it is recommended to look at key areas of interest based on liquidity and support/resistance zones for Bitcoin trading.