Bitcoin's Fate Hangs on Fed Decision Amidst High Stakes Bets and Price Fluctuations.

Bitcoin may reach $30,000 or drop below $20,000 as the Federal Reserve decides on interest rates. The Federal Open Market Committee (FOMC) will decide how to tweak baseline interest rates on March 22, amid suspicions that the ongoing US banking crisis has disrupted policy. As bets pile up over how BTC’s price will react to the decision, a trader plans to take profit at $30,000 if it comes. However, a sudden dive could have the opposite effect, with longs betting that $20,000, at least, will hold.