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Published: 30 April 2026,07:11
Daily Market Analysis New
Bitcoin came under pressure as markets navigated a busy week of central bank decisions, with the Federal Reserve maintaining its benchmark interest rate within the 3.5%–3.75% range, in line with expectations.
While the decision itself was widely anticipated, the tone of policymakers remained relatively hawkish, with officials highlighting that inflation remains elevated, partly due to rising global energy prices. This has reinforced expectations that interest rates could stay higher for longer, creating a challenging environment for non-yielding assets such as cryptocurrencies.
In what may have been the final meeting led by Jerome Powell, the Federal Open Market Committee signaled a cautious approach toward easing, with markets now expecting rates to remain steady for an extended period, particularly if energy-driven inflation persists amid ongoing U.S.–Iran tensions.
In addition to monetary policy pressures, geopolitical risks in the Middle East have further weighed on crypto markets. The unresolved conflict between the United States and Iran has dampened global risk appetite, prompting investors to reduce exposure to higher-risk assets such as Bitcoin.
This combination of hawkish monetary policy and risk-off sentiment has contributed to the recent pullback in crypto prices.
Despite near-term weakness, Bitcoin may find support around the $75,000 psychological level, which has acted as a key area of interest for market participants.
Moreover, institutional inflows into the crypto market remain a supportive factor, providing liquidity and underpinning longer-term demand. These flows suggest that, while short-term volatility persists, the broader structural interest in digital assets remains intact.
Overall, Bitcoin is currently navigating a mixed environment, with macro headwinds from interest rates and geopolitics balanced against institutional demand and technical support levels, keeping the outlook cautiously neutral in the near term.
Technical Analysis
Bitcoin is trading lower after a rejection from the 77,860 resistance level, indicating a short-term corrective phase.
Momentum is turning bearish, with the MACD strengthening to the downside and the RSI at 40 below the midline, suggesting continued downside pressure.
If bearish momentum persists, BTC could extend losses toward 74,340 support, with further downside toward 70,635.
However, if selling pressure fades, Bitcoin may rebound and retest the 77,860 resistance level, potentially resuming consolidation within the range.
Resistance Levels: 77860.00, 79415.00
Support Levels: 74340.00, 70635.00
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