Bitcoin’s (BTC) Price finished the candlelight less than $ 100,000 on January 28, and over the last 24 hours, the encryption assets have been over 6 assets because the federal markets of the upcoming federal federal market have established their own. It exceeded the scope of assets. Open Market Committee (FOMC) meeting.
Probability of the target rate of the Fed on January 29. Source: CME
The CME’s Fedwatch tool predicts that the Fed is 99.5%, the Fed will maintain interest rates from 4.25%to 4.50%.
Bitcoin moves “at price” ahead of FOMC
In December 2024, at the FOMC meeting, the Fed will take more measurement approach in 2025. More interest rates will vary depending on whether the new data lower the economic weakness and inflation.
For four weeks better time, many analysts believed that the market had already unchanged interest rates “at prices,” at prices. Therefore, interest in the statement of the Fed Chairman Jerome Powell is more concentrated.
Bitcoin is expected to increase weaker volatility if the Fed chair maintains a strict or attractive position.
Bitcoin 6 -hour chart. Source: COINTELEGRAPH/TradingView
The disadvantage of Bitcoin is that the same equal EQL has been swept to $ 97,000. The $ 94,000 range is a 4 -hour fair value difference that is not tested. If the FVG range is violated, the BTC can be lowered to $ 88,900 in the previous range, which shows the beginning of a new weak direction.
Bitcoin gift analysis on a 4 -hour chart. Source: x.com
General Beveran Tin, a future market analyst, had a similar opinion and expects the BTC price to reinforce $ 94,000 to $ 92,000 before the FOMC meeting.
Related: It is far from ‘EXTREME’fomo’ above BTC Price -Studies
Can Trump affect the Fed’s outlook?
One of the main differences in the previous and upcoming FOMC meetings is that this is the first Fed for the Trump administration. Last week, the 47th US president publicly demanded that the Federal Reserve Bank should cite the decline in oil prices and consider lowering interest rates.
In addition, TOMAS, a macroeconomic analyst, also said that POWELL would be more attractive than the December 2024 press conference. Analyst
“We saw a wonderful PPI and a slightly wonderful core CPI. We also have also seen very wonderful shelter inflation data points recently. In 2025, potentially more Fed interest rates cut all “good news”. “
Therefore, according to market commentators, this outlook is “the price may not be set.” All indicators of Dovish emotions can send more bitcoins on the chart and set high patterns on the intermediate chart.
Bitcoin 4 hours chart. Source: COINTELEGRAPH/TradingView
A four -hour candle close to the same height (EQHS) of $ 107,000 will take BTC than the trend line resistance, as shown in the chart, and the confirmed structure (BOS) will be achieved.
This allows Bitcoin to enter another price discovery period in February and move Bitcoin to another high value of more than $ 110,000.
Nevertheless, the Federal Reserve Bank is an independent company and does not need to consider the US president’s opinion. The market guess is now optimistic, but only after the FOMC meeting, a clear picture is provided.
Related: Bitcoin ‘PANIC Sales’ is the BTC DROP is less than $ 98K, short -term BLIP: Analyst: Analyst
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.