Bitcoin Consolidation: Trader Advises Patience Amid FOMC Tension

As the cryptocurrency market grapples with uncertainty ahead of the FOMC meeting and Q1 2026 GDP data, Bitcoin is experiencing a period of consolidation. The price has stabilized in the $76,300-$77,750 range, but retail participants are still speculating about its future trajectory.

One voice that stands out among the noise is DonAlt, a trader known for his accurate forecasts. In 2024-2025, he predicted the sevenfold increase of XRP's price to $3.66, and now he's advising patience in the face of Bitcoin's current volatility.

DonAlt notes that despite recent turbulence, Bitcoin has shown a solid reaction at support levels, indicating that it is 'kind of alright'. However, resistance from here looks 'so-so', and the market may simply need more time to develop sufficient strength for an immediate breakout toward $80,000 per BTC.

Interestingly, institutional interest remains risk-off, with Bitcoin ETF funds continuing to see outflows since the start of the week. This has resulted in a loss of another $89.68 million over the past day.