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06/18 18:59

FOMC Meeting: Bitcoin Price Awaits Fed Rate Cut De

FOMC Meeting: Bitcoin Price Awaits Fed Rate Cut Decision

Analysts suggest Bitcoin price could either dip below $100K or surge above $110K depending on Powell’s tone at FOMC meeting today.FOMC-Meeting-Bitcoin-Price-to-100K-or-110K-Amid-Fed-Rate-Cut-Decision-768x512.webp
  • Despite Bitcoin price briefly falling below $104K, Bitcoin ETFs have maintained a five-day net inflow streak before FOMC meeting.
  • On-chain data indicates short-term holders are selling, while long-term holders remain steadfast.
  • Additionally, projections based on M2 money supply suggest Bitcoin could reach $150K by year-end.

Today’s FOMC meeting will be extremely crucial, with Jerome Powell’s decision on Fed rate cuts by the end of 2025, will have a ripple effect across asset classes like crypto, gold, and oil. Based on this, market experts think that the Bitcoin price can swing either under $100K levels, or surge past $110K levels to fresh all-time highs. Currently, BTC is trading above its previous weekly close of $104,000, which serves as a crucial support for the asset class.

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