Bitcoin battles to maintain $65,000, but market prospect remains positive

Bitcoin’s near-term volatility expected as interest rate decisions loom.

Bitcoin (BTC) is close to losing the $65,000 price level at the time of writing, losing 2.7% in the last 24 hours. The price slump comes nearly 48 hours after the FOMC announced it would hold interest rates in the US, a decision that reflects the Fed’s focus on balancing inflation control with economic stability. Bitfinex analysts already expected this short-term volatility, although the overall trend remains positive.

As the trader highlighted earlier in June, this rejection makes BTC bound to stay in this range until September, when the start of a parabolic upward movement is expected.