How High Can Bitcoin Price Go After FOMC Meeting Today?
The post How High Can Bitcoin Price Go After FOMC Meeting Today? appeared first on Coinpedia Fintech News
Bitcoin traders are watching today’s Federal Reserve announcement closely. The FOMC is expected to cut interest rates by 0.25%, bringing the target range to 3.5%–3.75%. Rate cuts often lift risk assets like Bitcoin, but the market has a history of sharp swings on FOMC days.
Volatility Expected Around the Announcement
This is a classic FOMC week. Traders often warn that pre-FOMC rallies can turn into traps. Strength looks real, but timing risk is high. Quick pumps and sudden reversals are common whenever the Fed gives forward guidance.
Bitcoin Rebounds From Extreme Fear
Earlier this week, the crypto fear index dropped to 10, signaling extreme fear in the market. Bitcoin then bounced from $86,700 and climbed back toward $92,300. The price is now forming a higher support base, giving bulls some momentum heading into the announcement.
Analysts See Break Toward $103,000 If Resistance Breaks
One analyst said Bitcoin is pushing toward an important resistance near $94,200. The analyst expects a clean breakout, followed by a retest of support, which could open the way toward $103,000.
Strong Divergence May Push Bitcoin Toward $100K
Analyst Michaël van de Poppe pointed out that Bitcoin is lagging behind the Nasdaq even though they are usually correlated. Tech stocks and other high-beta assets have already recovered their losses from the recent market crash, but Bitcoin has not.
He said this creates a mispricing and could pull Bitcoin higher. He also argued that the recent drop from $115,000 to $80,000 happened too fast, and that broader risk-on appetite is returning.
Short-Term Target: $94K Break. Medium-Term Target: $110K–$115K
If the FOMC cuts rates and signals more easing ahead, Bitcoin could retest $94,000, break higher, and then move toward the $100,000–$103,000 region.
Over the coming weeks, experts expect Bitcoin to climb back into the $110,000–$115,000 range and erase the entire correction.
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