Source: Cointelegraph.com NewsKey points:<\/p>\n
Bitcoin attacks liquidity clustered close to spot price into the weekly close.
\nMarket commentators eye significant BTC price levels below $95,000.
\nThe Fed\u2019s upcoming interest rate decision is the key macro event to watch next week.<\/p>\n
Bitcoin (BTC) fell toward $95,000 into the May 4 weekly close as traders braced for more macro-induced downside.
\nBTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView
\nBTC price liquidations mount after 10-week highs
\nData from Cointelegraph Markets Pro and TradingView showed BTC\/USD retreating from multimonth highs toward the May open.
\nHitting liquidity clustered around spot price, Bitcoin created a recipe for volatility as market participants discussed key levels.
\n\u201cDense longs cluster 95.7k-96k, heavy shorts 96.5k-97k right around current price (~96.2k),\u201d popular trader TheKingfisher wrote in part of ongoing analysis on X.\u00a0
\n\u201cThese are price magnets. Expect chop\/volatility as they get tested.\u201d
\nBTC liquidation heatmap. Source: CoinGlassThe latest data from monitoring resource CoinGlass showed price colliding with buy liquidity, with the majority of asks clustered around $97,200.
\nWith the past week seeing multiple liquidity \u201cgrabs,\u201d some saw the potential for that behavior to continue as the key $100,000 mark edged closer.<\/p>\n
$BTCGap and tap before liquidity grab at $100k is what I\u2019m looking for here https:\/\/t.co\/akVEzc3Aaj pic.twitter.com\/igCptK8VIp\u2014 NiF\u03c4y (@niftyinvest) May 4, 2025<\/p>\n
\u201cPositions from $94K\u2013$97K flushed at weekend,\u201d popular trader BitBull summarized.
\nAssessing the potential for a fresh dip, crypto trader, analyst and entrepreneur Micha\u00ebl van de Poppe said that BTC\/USD had plenty of room to retest support while still maintaining its recent comeback.
\n\u201cWhat I’d prefer to see on $BTC is that we’re holding above $91.5-92K,\u201d he told X followers on the day.
\n\u201cThat validates for me the continuation towards a new ATH as the previous range support becomes support again.\u201d
\nBTC\/USDT 1-day chart. Source: Micha\u00ebl van de Poppe\/XBitcoin downside expected into Fed rate cut decision
\nExpectations of volatility were high heading into the new week, with the US Federal Reserve due to decide on interest rates.
\nRelated: Bitcoin hodler unrealized profits near 350% as $100K risks sell-off
\nAs Cointelegraph reported, the stakes for market sentiment are high before the event. Recession warnings and pressure from President Donald Trump combine with hawkish signals from Fed officials.<\/p>\n
NOTE: In less than a month, Trump has pressured Powell and the Fed to lower interest rates three times already… pic.twitter.com\/qaQc7zJnuw\u2014 Andr\u00e9 Dragosch, PhD\u26a1 (@Andre_Dragosch) May 2, 2025<\/p>\n
The latest data from CME Group\u2019s FedWatch Tool nonetheless maintains minimal odds of a rate cut on May 7. Source: Cointelegraph.com NewsKey points: Bitcoin attacks liquidity clustered close to spot price into the weekly close. Market commentators eye significant BTC price levels below $95,000. The Fed\u2019s upcoming interest rate… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128573"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128573"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128573\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128573"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nFed target rate probabilities for May 7 FOMC meeting. Source: CME Group\u201cRemind yourself that Crypto & Altcoins have the temper to be correcting in the week prior to the FED meeting,\u201d Van de Poppe commented.\u00a0
\n\u201cI suspect that we’d be having the end of that correction around Tuesday and go up from there.\u201d
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"