Bitcoin Markets Still Spooked by Possible Strategy BTC Sales: Analysis

Crypto Insight Summary: Bitcoin circled $65,000 after downside BTC price pressure into the FOMC meeting as analysis warned over the impact of Strategy potentially selling more BTC in the future. Bitcoin (BTC) bounced off week-to-date lows into Wednesday’s Wall Street open as corporate sell pressure returned to the radar. **Key points:** * Bitcoin sees a new low for the current weekly candle with the Fed FOMC meeting due in hours. * Analysis warns that markets remain concerned over Strategy potentially selling more BTC. * Fed chair Kevin Warsh faces a tough balancing act at his first interest-rate decision. Data from TradingView showed BTC/USD heading higher after dropping to $64,500 on Bitstamp. Source: Cointelegraph/_[_TradingView_](https://www.tradingview.com/symbols/BTCUSD/) The pair saw ongoing weakness ahead of the US Federal Reserve’s interest-rate meeting, scheduled for 2pm Eastern time. As [Cointelegraph reported](https://cointelegraph.com/markets/bitcoin-trader-warns-of-bearish-reaction-to-fomc-with-64k-now-essential), such events tend to trigger BTC price downside. In its latest [Market Color](https://www.qcpgroup.com/insights/qcp-market-colour-25/) analysis, trading company QCP Capital said that the BTC price outlook was clouded by more than just the Fed. “While broader markets continue to trade higher on optimism across multiple fronts, BTC remains stuck below the 66k level,” it wrote. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed meeting and potential BTC sales by Strategy create short-term bearish pressure.