Related: Bitcoin price cools going into Fed rate hike week, HYPE, AAVE, RNDR, FET still look bullishCrypto Fear & Greed Index (screenshot).Source: Alternative.meIn its latest market update on May 1, research firm Santiment revealed a turnaround in social media user expectations for BTC price performance.“We can see that social media was making lower price calls ($10K–$69K) during the stretch between Apr 6–18, 2025,” it wrote about the environment after Liberation Day. “This was the ideal buy time.
Source: Daan Crypto Trades/XZooming out, however, popular trader and analyst Rekt Capital focused on downside support at $93,500 — Bitcoin’s yearly open.“Bitcoin has rejected from the Lower High resistance (black diagonal),” he explained alongside an accompanying weekly BTC/USD chart.“Going forward, Bitcoin will need to hold the $93.5k Range Low to fully confirm a reclaim of the Range.”BTC/USD 1-week chart.
Source: Rekt Capital/XSeparate analysis suggested that Bitcoin could form a series of higher highs with rejections and support retests at key price points, ultimately breaking out to new all-time highs.#BTCBitcoin Price Discovery RoadmapBitcoin is trying to finalise its First Price Discovery Correction (green) to transition into its Second Price Discovery Uptrend (red)(Prices and time horizons are not to scale)$BTC #Crypto #Bitcoin pic.twitter.com/yahXUIpVkY— Rekt Capital (@rektcapital) April 30, 2025FOMC week puts spotlight on FedIn contrast to last week, the coming days are dominated by one macroeconomic event in particular: the Federal Reserve decision on interest rates.
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Author / Journalist: Cointelegraph by William Suberg
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