Bitcoin price is bleeding, BTC trades at $76,000, down 1.75% over 24 hours and 2.15% over the past week, a slide that’s accelerating bearish prediction on macro headwinds most traders didn’t fully price in.
Federal Reserve Chair Jerome Powell’s final press conference Wednesday delivered the catalyst.
Bitcoin dropped 2% to $75,000 in the immediate aftermath as markets absorbed a fractured Fed decision, four dissents on a single vote, the most since October 1992, according to Kraken chief economist Thomas Perfumo.
“The absence of a clean handoff to Warsh suggests the potential for discord over policy at the Fed,” Perfumo said in a note shared with DL News.
Traders responded by dumping $138 million in spot Bitcoin ETFs following the meeting, reversing a chunk of April’s recovery. That’s a notable reversal given the roughly $2 billion that poured into Bitcoin ETFs this month, April remains BTC’s best month since October.
With Polymarket odds showing only a 10% chance of BTC hitting $100K+ by December 31, 2026, and 90% odds of rates holding steady through year-end, the macro setup isn’t doing Bitcoin any favors right now.
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Bitcoin Price Prediction: Can BTC Price Recover Above $78,000 or Is a Deeper Drop Incoming?
BTC is giving mixed signals right now, and that is usually when the market is building toward a bigger move.
Price is sitting around the pivot near $76.5K, with support stacked below at $75.6K, $74.8K, and the key level at $73.9K. That last one is the real floor, lose it and the structure turns clearly bearish.
On the upside, resistance is layered at $77.3K, $78.2K, and $78.9K. Reclaiming that zone is what flips momentum back toward a move higher.
RSI is neutral, so there is no clear momentum edge, but fear is elevated, which can sometimes set up reversals if buyers step in.
Most likely for now, BTC ranges between roughly $75.5K and $78.2K while the market waits for macro clarity.
If BTC breaks above $78K with volume, it can push toward the low $80Ks. If $73.9K breaks, downside opens fast toward $70K.
So this is a high-uncertainty setup, not bearish enough to collapse, not bullish enough to run, just building pressure for the next move.
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The post Bitcoin Price Prediction: Powell’s Final Fed Meeting Just Triggered the Most Dissenting Votes Since 1992 – Is BTC About to Pay the Price? appeared first on Cryptonews.
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