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Attention, Bitcoin traders! BTC’s next upswing may depend on this crucial factor

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Bitcoin [BTC] traders have found themselves in a nail-biting situation this week following its downside in the last seven days.

The bearish performance sent BTC crashing and at press time, the crypto king stood in a critical zone on a short-term support.

Its direction from this point stood at the mercy of the FOMC meeting.Bitcoin sat on its short-term support with a $19,004 price tag at press time.

However, its performance in the next 24 hours will have drastically changed depending on the outcome of the FOMC meeting. The latter is expected to feature a Federal Fund rate revision in the U.S.

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