Bitcoin Price Volatility Continues Amid FOMC Uncertainty

Bitcoin's price action has been significantly impacted by the Federal Reserve's recent FOMC meeting, with the cryptocurrency experiencing a sharp decline from recent highs. The price dropped to test support near $69,000, but market makers intervened to halt the decline through manipulation-like bounces.

The short-term RSI is closer to oversold levels, suggesting potential for further relief or breakdown. Traders are dissecting liquidation heat maps and exchange data to determine the next move, with downside liquidity pooling at $68,000-$68,700 and major support at $66,000.