Analyst: The key to Bitcoin avoiding further decline is that this week's closing price cannot fall below 81,000 US dollars

According to Cointelegraph, Bitcoin needs to close above the key $81,000 weekly line to avoid further downward fluctuations before next week's Federal Open Market Committee (FOMC) meeting. Ryan Lee, Chief Analyst at Bitget Research, stated that closing above $81,000 this week would be crucial in preventing further declines in Bitcoin. Maintaining this level would indicate resilience but falling below $76,000 could trigger more short-term selling pressure. According to the latest estimates from CME Group's Fed Watch tool, the market currently expects a 98% chance of the Federal Reserve maintaining stable interest rates.