Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multiday lows.<\/p>\n Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it returned to the $28,000 mark on Bitstamp.<\/p>\n The previous day\u2019s Wall Street open had brought the latest wave of downside volatility, with the pair dipping below $27,700.<\/p>\n This followed a leg lower immediately after the weekly and monthly close, with $30,000 and upward feeling increasingly out of reach.<\/p>\n Market participants\u2019 BTC price targets reflected the mood. Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, argued that a rematch with both $25,000 and $30,000 was still on the table.<\/p>\n \u201cNothing is for certain, but sweep done on Bitcoin,\u201d he told Twitter followers about the latest lows. <\/p>\n \u201cBreaking through $28.4K and we could be back to $30K in a few days. Not breaking and folding coming days, $25K next. Big volatility on the horizon.\u201d<\/p><\/blockquote>\n Referring to the May 3 Federal Reserve decision on interest rate policy, a further post described Bitcoin as being \u201cin sideways territory, where bears and bulls have arguments for both biases.\u201d<\/p>\n \u201cLots of fear going into the event of the FED tomorrow, probably unwarranted, but we'll see. Expecting slightly deeper,\u201d Van de Poppe added.<\/p>\n In terms of the Fed event itself, little was left to the imagination, with market sentiment beyond crypto pricing in an almost guaranteed 0.25% rate hike.<\/p>\nBTC price: \u201cBig volatility on the horizon\u201d<\/h2>\n
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Bank stocks squeeze fails to inspire crypto<\/h2>\n