Bitcoin price slips below $47K as stocks, crypto prepare for this week’s FOMC meeting

TC, altcoins and stocks sharply sold-off as pressure builds ahead of this week’s FOMC meeting and the possibility that the Fed will taper its easy-money policies.Bitcoin (BTC) bulls are once again on the defensive foot after the breakout momentum that put the price above $50,000 on the weekend evaporated and pulled the price under $47,000. Analysts say the slight pullback in equities markets and the upcoming Federal Open Market Committee (FOMC) meeting are the primary reasons for Dec. 13's pullback and a few suggest that a revisit to the swing low at $42,000 could be on the cards. Here’s a look at what analysts are saying about the current Bitcoin price action and what they expect in the short term.