Bitcoin has climbed an impressive 28% from its April 7 low of $74,450, reaching $95,646 as of Sunday afternoon. The uptrend has been steady, with the daily chart continuing to show a bullish structure marked by higher lows — a classic sign of strength and sustained buying pressure. But as the market enters a high-stakes week with the Federal Reserve's Federal Open Market Committee decision set for Wednesday, Bitcoin traders should be on high alert.
Don't Miss:
- Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.
- Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account.
While the momentum has clearly favored the bulls in recent weeks, Bitcoin is now approaching a cluster of critical resistance levels on the higher timeframes — areas where profit-taking or institutional selling could easily stall or reverse the current move. On the weekly chart, Bitcoin is also testing the bearish .62 retracement level at $96,500, a historically significant technical marker that often acts as a turning point. With indices also hovering around major levels, a sharp reaction in risk assets could ripple into crypto markets.
Downside Levels to Watch This Week
As volatility is expected to rise around Wednesday's FOMC announcement, attention turns to key support zones that may attract buyers on any retracement:
- $92,700 – Last Week's Low: This is the nearest key level, and price isn't far from it. If Bitcoin pulls back, how it reacts here could set the tone for the rest of the week.
- $90,000 – Psychological Round Number: Clean round numbers often act as strong levels of interest, especially in fast-moving markets. Traders may look for initial buying interest here.
- $88,000 – Must-Hold Weekly Level: This is the most important support in the current structure. A breakdown below $88,000 would shift the narrative toward weakness, possibly setting up a lower high on the weekly chart — a bearish development that could trigger further downside.
Trending: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase.
Upside Targets Still in Play
Despite the caution warranted by looming macro events, Bitcoin's trend on the daily chart remains bullish. If buyers maintain control and price holds above support, there are two primary upside targets in focus:
- $99,431 – February High: This level, printed on Feb. 21, serves as a short-term bullish target. A clean break above it would reinforce the current momentum.
- $110,000 – All-Time High: Beyond short-term resistance lies the previous peak. A move back to all-time highs is still on the table if the broader structure remains intact.
Final Thoughts
This week's FOMC event could be a major catalyst for Bitcoin — either as confirmation of trend continuation or the beginning of a deeper retracement. As Bitcoin presses into key resistance while macro conditions tighten, staying reactive to how price behaves around these levels will be essential. Until the daily trend structure is broken, the path of least resistance remains higher — but in a week like this, flexibility will be just as important as conviction.
Read Next:
- A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase.
- Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
Image: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
