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Bitcoin Price Forecast: Powell’s Last Federal Reserve Meeting Sparks Highest Number of Dissenting Votes Since 1992 – Will BTC Be Affected?
The price of Bitcoin is declining, with BTC currently trading at $76,000, reflecting a decrease of 1.75% over the last 24 hours and 2.15% over the past week, a downturn that is intensifying bearish forecasts regarding macroeconomic challenges that many traders did not fully account for.
The catalyst was provided by Federal Reserve Chair Jerome Powell’s concluding press conference on Wednesday.
Bitcoin fell by 2% to $75,000 immediately afterward as markets processed a divided Fed decision, which included four dissenting votes on a single resolution, the highest number since October 1992, as noted by Kraken’s chief economist Thomas Perfumo.
“The lack of a smooth transition to Warsh indicates the possibility of discord regarding policy at the Fed,” Perfumo stated in a communication shared with DL News.
FOMC already off to a wild start.
4 Dissents today.
1 wanted to cut
3 objected to language.
1st time since 1992 there have been 4 dissents.
Guess Powell’s last FOMC had to be as chaotic as possible.— Easy (@NotSoEasyMoney) April 29, 2026
In response, traders sold off $138 million in spot Bitcoin ETFs following the meeting, reversing a portion of the recovery seen in April. This is a significant turnaround considering the approximately $2 billion that flowed into Bitcoin ETFs this month, making April BTC’s strongest month since October.
With Polymarket odds indicating only a 10% likelihood of BTC reaching $100K+ by December 31, 2026, and a 90% probability of interest rates remaining unchanged through the end of the year, the macroeconomic environment is currently unfavorable for Bitcoin.
Bitcoin (BTC)24h7d30d1yAll time
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Bitcoin Price Prediction: Can BTC Price Recover Above $78,000 or Is a Deeper Drop Incoming?
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BTC is currently sending mixed signals, which often indicates that the market is preparing for a significant movement.
The price is hovering around the pivot point near $76.5K, with support levels positioned below at $75.6K, $74.8K, and the critical level at $73.9K. The latter serves as the true floor; breaching it would clearly shift the structure to bearish.
On the upside, resistance is established at $77.3K, $78.2K, and $78.9K. Reclaiming this area would shift momentum back toward an upward movement.
Source: Tradingview
The RSI is neutral, indicating no distinct momentum advantage, but fear levels are heightened, which can sometimes lead to reversals if buyers engage.
For the time being, BTC is likely to fluctuate between approximately $75.5K and $78.2K as the market seeks macroeconomic clarity.
If BTC surpasses $78K with volume, it could advance toward the low $80Ks. Conversely, if $73.9K is breached, the downside could accelerate quickly toward $70K.
This presents a high-uncertainty scenario, not bearish enough to collapse, nor bullish enough to surge, merely building pressure for the next movement.
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The post Bitcoin Price Prediction: Powell’s Final Fed Meeting Just Triggered the Most Dissenting Votes Since 1992 – Is BTC About to Pay the Price? appeared first on Cryptonews.
