Bitcoin price remains firmly positioned below $110,000 as anticipation builds ahead of the Federal Open Market Committee (FOMC) meeting. Current market conditions reveal significant overhead resistance at $112,000. Several critical support levels lie in the downward trajectory. Traders and investors should closely monitor these price levels as they might dictate Bitcoin’s short-term movements in response to economic cues. The outcome of Fed Chair Powell’s speech will likely influence the market sentiment towards Bitcoin and other cryptocurrencies. It is essential for market participants to stay informed as the landscape rapidly shifts. Join the conversation and keep up to date with entrepreneur-focused insights at entreprenerdly.com.