Bitcoin price prediction amid this week’s FOMC data

Bitcoin (BTC) could experience heightened volatility this week as five major central banks, led by the United States’ Federal Reserve, prepare to announce their monetary policies.

After experiencing a leveraged-backed rally over the past few weeks, as Finbold explained, Bitcoin price could correct following this week’s release of the Federal Funds Rate and the FOMC (Federal Open Market Committee) Statement. Furthermore, BTC price dropped every time the Fed released its FOMC statement since July 2025 until last month, according to an analysis shared on X by trading expert @XBTkaz on April 27.

On Wednesday, April 29, the Fed is expected to hold rates steady at 3.75%, despite ongoing executive pressure to cut further. At press time, Polymarket traders were 99.9% sure the Fed will not change its rates, with the odds of a 25bps cut at less than 1%.

Bitcoin price targets amid FOMC report

Bitcoin price has been trapped in a multi-month bear market, characterized by lower highs and lower lows. Since February 2026 to date, BTC price has formed a potential bear flag, largely defined by a rising symmetrical channel, based on insights from a technical trader on X alias JDK Analysis.

Following the recent BTC price pump above $79,400, this analyst believes a lower high may have formed. As such, a potential selloff could happen in the near future to retest the lower border of the rising channel.

If the Fed maintains its lending rates, a potential sell-the-news scenario could occur in the subsequent days and weeks. Moreover, a BTC price pump into the FOMC statement could mean the event has already been priced in by the majority.