Bitcoin price feels FOMC friction as trader eyes trip to mid-$50K zone

BTC price risks mount into a classic risk-asset hurdle, but optimistic analysis sees room for a deeper correction still preserving the Bitcoin bull market.

Bitcoin (BTC) headed closer to $60,000 at the March 19 Wall Street open as BTC price weakness showed no signs of fading.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD preparing to test $62,000 at the time of writing amid volatile conditions.

The largest cryptocurrency encountered fresh selling pressure immediately after the daily close, dropping by almost 8% on the day.

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