Bitcoin is at a crucial technical level, with analysts emphasizing the need for bulls to defend the 0.382 Fibonacci retracement zone to prevent a drop to April lows around $76,000. The cryptocurrency briefly fell below $88,000 over the weekend before rebounding above $91,500, highlighting market volatility. Analysts attribute this to low-liquidity conditions and leveraged position liquidations. Attention now turns to the Federal Open Market Committee's meeting, where a 0.25% rate cut is anticipated. Market participants are keenly watching the Fed's outlook statement, as it could influence Bitcoin's trajectory. Despite current market pressures, some analysts remain cautiously optimistic about 2026, expecting further rate cuts to support risk assets, including cryptocurrencies.