Bitcoin (CRYPTO: BTC) is trading in a narrow range between $90,000 and $93,000 as traders brace for today’s FOMC decision and Jerome Powell’s press conference — a period that historically sparks sharp volatility.

What Happened: Crypto chart analyst Ali Martinez noted that while markets are pricing in a 97% chance of a 25-bps rate cut, Bitcoin’s behavior around FOMC events in 2025 has been decisively negative.

Out of seven meetings this year, Bitcoin corrected after six of them, with drawdowns ranging from –6% to –29%. The only exception was a brief 15% rally in May.

Despite pre-meeting optimism often lifting prices into the announcement, post-FOMC action has consistently leaned…

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