Bitcoin’s Reaction to FOMC Meetings Shows Consistent Downtrend
- After each Federal Open Market Committee (FOMC) update in recent years, Bitcoin has consistently shown a noticeable downside move.
- Analyst CryptoMichNL suggests that the Federal Reserve’s shift towards more supportive liquidity settings by 2025 may not have an immediate market impact.
- Despite volatility, Bitcoin has continued forming higher lows, indicating a potential upward trend.
- The current resistance zone for Bitcoin is at $92,000, with a target to retest the $100,000 level.
- Daan Crypto Trades notes that Bitcoin bounced off the critical Fibonacci retracement level of 0.382 during its cycle move.
Bitcoin’s consistent reaction to FOMC meetings highlights its sensitivity to interest rate expectations and broader macroeconomic sentiment shifts. Despite recent pullbacks, the cryptocurrency maintains an upward structure with potential for future growth if it breaks key resistance levels.
The ongoing choppy pattern and illiquid order books contribute to Bitcoin’s volatility, yet its ability to maintain higher lows suggests resilience against market manipulations and corrections. (Source)
