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Bitcoin Price Drops Below $76K Ahead of Fed Rate Decision

Bitcoin’s price dropped below $76,000, erasing its Monday gains and hitting a nearly four-week low of $75,560 after breaking past key $77,000 support. Market Reversal Bitcoin wiped out Monday’s gains, tumbling below $76,000 as Senate negotiations over the CLARITY Act remained deadlocked. The reversal came ahead of a crucial Federal Open Market Committee (FOMC) meeting, […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara15 Sept

B....

*Summary*: BTC is testing a key support zone between *$73,477 and $75,094* the red box. If support holds = next target is *$85,575* the green box. The chart shows a potential bullish W pattern. *cRSI 20*: At 28.79 and 37.80 = *Oversold zone*. This is a positive signal for a potential bounce. *Scenarios:* 1. *Bullish*: Holding above $75,094 with target $85,575 2. *Bearish*: Breaking $73,477 with next target $71,300 *Reason*: Market pressure due to waiting for the US CLARITY Act vote result

TITradingView Ideas15 Sept