Bitcoin eyes $95K retest as traders brace for Fed rate cut volatility

Key points:
-
Bitcoin attacks liquidity clustered close to spot price into the weekly close.
-
Market commentators eye significant BTC price levels below $95,000.
-
The Fed’s upcoming interest rate decision is the key macro event to watch next week.
Bitcoin (BTC) fell toward $95,000 into the May 4 weekly close as traders braced for more macro-induced downside.
BTC price liquidations mount after 10-week highs
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retreating from multimonth highs toward the May open.
Hitting liquidity clustered around spot price, Bitcoin created a recipe for volatility as market participants discussed key levels.
“Dense longs cluster 95.7k-96k, heavy shorts 96.5k-97k right around current price (~96.2k),” popular trader TheKingfisher wrote in part of ongoing analysis on X.
“These are price magnets. Expect chop/volatility as they get tested.”
The latest data from monitoring resource CoinGlass showed price colliding with buy liquidity, with the majority of asks clustered around $97,200.
With the past week seeing multiple liquidity “grabs,” some saw the potential for that behavior to continue as the key $100,000 mark edged closer.
Gap and tap before liquidity grab at $100k is what I’m looking for here https://t.co/akVEzc3Aaj pic.twitter.com/igCptK8VIp
— NiFτy (@niftyinvest) May 4, 2025
“Positions from $94K–$97K flushed at weekend,” popular trader BitBull summarized.
Assessing the potential for a fresh dip, crypto trader, analyst and entrepreneur Michaël van de Poppe said that BTC/USD had plenty of room to retest support while still maintaining its recent comeback.
“What I’d prefer to see on $BTC is that we’re holding above $91.5-92K,” he told X followers on the day.
“That validates for me the continuation towards a new ATH as the previous range support becomes support again.”
Bitcoin downside expected into Fed rate cut decision
Expectations of volatility were high heading into the new week, with the US Federal Reserve due to decide on interest rates.
Related: Bitcoin hodler unrealized profits near 350% as $100K risks sell-off
As Cointelegraph reported, the stakes for market sentiment are high before the event. Recession warnings and pressure from President Donald Trump combine with hawkish signals from Fed officials.
NOTE: In less than a month, Trump has pressured Powell and the Fed to lower interest rates three times already… pic.twitter.com/qaQc7zJnuw
— André Dragosch, PhD⚡ (@Andre_Dragosch) May 2, 2025
The latest data from CME Group’s FedWatch Tool nonetheless maintains minimal odds of a rate cut on May 7.
“Remind yourself that Crypto & Altcoins have the temper to be correcting in the week prior to the FED meeting,” Van de Poppe commented.
“I suspect that we’d be having the end of that correction around Tuesday and go up from there.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin (BTC) $ 118,105.00
Ethereum (ETH) $ 3,644.53
XRP (XRP) $ 3.45
Tether (USDT) $ 1.00
Solana (SOL) $ 196.12
BNB (BNB) $ 753.12
USDC (USDC) $ 0.999907
Dogecoin (DOGE) $ 0.265714
Lido Staked Ether (STETH) $ 3,638.24
Cardano (ADA) $ 0.861890
TRON (TRX) $ 0.310878
Wrapped Bitcoin (WBTC) $ 117,776.00
Hyperliquid (HYPE) $ 43.58
Wrapped stETH (WSTETH) $ 4,393.33
Stellar (XLM) $ 0.454757
Sui (SUI) $ 3.84
Chainlink (LINK) $ 18.80
Wrapped Beacon ETH (WBETH) $ 3,900.36
Hedera (HBAR) $ 0.262071
Avalanche (AVAX) $ 25.18
Wrapped eETH (WEETH) $ 3,893.27
Bitcoin Cash (BCH) $ 516.78
Shiba Inu (SHIB) $ 0.000015
Litecoin (LTC) $ 113.87
LEO Token (LEO) $ 9.00
WETH (WETH) $ 3,646.42
Toncoin (TON) $ 3.22
USDS (USDS) $ 1.00
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998808
Polkadot (DOT) $ 4.34
Coinbase Wrapped BTC (CBBTC) $ 118,207.00
WhiteBIT Coin (WBT) $ 44.23
Ethena USDe (USDE) $ 1.00
Uniswap (UNI) $ 10.23
Monero (XMR) $ 322.07
Pepe (PEPE) $ 0.000014
Bitget Token (BGB) $ 4.79
Aave (AAVE) $ 306.87
Bittensor (TAO) $ 421.92
Cronos (CRO) $ 0.121076
Dai (DAI) $ 0.999949
Pi Network (PI) $ 0.478597
Ethena Staked USDe (SUSDE) $ 1.18
NEAR Protocol (NEAR) $ 2.88
Ethereum Classic (ETC) $ 23.32
Aptos (APT) $ 5.22
Ondo (ONDO) $ 1.04
Jito Staked SOL (JITOSOL) $ 238.67
Internet Computer (ICP) $ 5.84
Ethena (ENA) $ 0.477198
Kaspa (KAS) $ 0.112278
OKB (OKB) $ 48.12
Mantle (MNT) $ 0.784216
Bonk (BONK) $ 0.000033
Algorand (ALGO) $ 0.282525
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Arbitrum (ARB) $ 0.458735
VeChain (VET) $ 0.027099
Pudgy Penguins (PENGU) $ 0.036592
Cosmos Hub (ATOM) $ 4.97
Render (RENDER) $ 4.34
POL (ex-MATIC) (POL) $ 0.245051
USD1 (USD1) $ 1.00
Binance-Peg WETH (WETH) $ 3,637.33
Official Trump (TRUMP) $ 10.68
Worldcoin (WLD) $ 1.18
Artificial Superintelligence Alliance (FET) $ 0.789674
Gate (GT) $ 17.27
Sei (SEI) $ 0.338587
Fasttoken (FTN) $ 4.51
Binance Staked SOL (BNSOL) $ 208.36
Filecoin (FIL) $ 2.79
Jupiter (JUP) $ 0.633812
Quant (QNT) $ 127.40
Sky (SKY) $ 0.085435
sUSDS (SUSDS) $ 1.06
Kelp DAO Restaked ETH (RSETH) $ 3,813.86
Rocket Pool ETH (RETH) $ 4,148.51
SPX6900 (SPX) $ 1.81
Lombard Staked BTC (LBTC) $ 117,934.00
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.15
Fartcoin (FARTCOIN) $ 1.55
KuCoin (KCS) $ 12.10
XDC Network (XDC) $ 0.093161
Celestia (TIA) $ 2.09
Flare (FLR) $ 0.021172
First Digital USD (FDUSD) $ 0.996291
USDtb (USDTB) $ 0.999626
Injective (INJ) $ 14.36
Story (IP) $ 4.68
StakeWise Staked ETH (OSETH) $ 3,832.94
USDT0 (USDT0) $ 1.00
Mantle Staked Ether (METH) $ 3,916.06
FLOKI (FLOKI) $ 0.000140
NEXO (NEXO) $ 1.33
Stacks (STX) $ 0.837156
Liquid Staked ETH (LSETH) $ 3,937.81
Optimism (OP) $ 0.742778
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Pump.fun (PUMP) $ 0.003655