Bitcoin price prediction bearish ahead of Fed meeting – BTC dives 6% – BitRss

• Bitcoin price prediction witnessed a sharp price drop following bearish expectations in the U.S. equities market.
• The drop below the mid-range support could spur a deeper BTC ($101,923.39) correction to $92k.

Bitcoin [BTC] has shed 5.88% over the past 24 hours. It had pushed as high as $109,588 on the 20th of January according to Binance trading data, but has been in a slump since.

The swift losses in recent hours were likely not a sign of inherent BTC weakness.

The emergence of China’s DeepSeek LLM model has begun to impact the U.S. stock market. The Nasdaq 100 futures were down 2.9% at press time, and would reportedly see $1 trillion wiped from the U.S. equity market at open.

In turn, this panicked sentiment affected crypto and Bitcoin. The market could also be de-risking ahead FOMC meeting later this week.

Bitcoin price prediction — Range formation will have a play role