Bitcoin Faces Resistance, Potential Consolidation Ahead of Fed Meeting

Bitcoin’s recent surge has stalled at the crucial $93,000 resistance, failing to break through after briefly reaching around $93,300 last week. The cryptocurrency experienced a sharp reversal and fell below $85,000 on Monday, signaling a pause in its bullish momentum. This raises questions about Bitcoin’s short-term trajectory. Key market indicators suggest that the current lack of buying pressure is contributing to this stall.