Bitcoin (BTC) is approaching the $95,000 level as it heads toward the weekly close, with traders closely monitoring liquidity and preparing for heightened volatility driven by the upcoming U.S. Federal Reserve interest rate decision. Recent price action shows BTC pulling back from multi-month highs, encountering dense clusters of both long and short positions around $95.7K–$97K, which are creating price “magnets” and increasing market choppiness.
Trading data from Cointelegraph Markets Pro and CoinGlass highlights that Bitcoin is interacting with significant zones of buy and sell liquidity, generating expectations for potential further corrections or a notable move toward $100,000 if these levels are tested.
Market participants remain split on short-term outlooks: while some analysts foresee further downside if support at $91.5–$92K fails to hold, others believe corrections could end early next week, clearing the way for upward momentum. The broader context includes increased pressure on the Federal Reserve to lower rates, particularly from political figures like Donald Trump, though CME Group’s FedWatch Tool places low odds on a rate cut at the May 7 meeting.
Traders anticipate that volatility may persist into next week, with the Fed’s decision exerting significant influence over Bitcoin’s next major move as market sentiment and key support/resistance levels are tested.