Fidelity identifies crucial Bitcoin support zone
Analysts at Fidelity have identified a major Bitcoin support zone at the $85,500 level, where investors bought roughly 430,000 BTC, amounting to nearly $39 billion. This highlights strong market interest and confidence at this price point.
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The company noted that this zone provided the market with a stable momentum boost. Experts are now awaiting Bitcoin’s reaction to the Federal Reserve’s decision expected at today’s meeting.
Bitcoin’s near-term behavior will depend heavily on the signals delivered by the Fed, which could either strengthen the positive trend or trigger a market correction.
