đTHE FED COULD BE THE NEXT BIG CATALYST FOR BITCOIN đ
Bitcoin is trading around $83,300, after recently failing to hold above the $87,000 resistance. Now, the Fed could decide where the next major move goes.
The latest FOMC minutes were still hawkish. The Fed raised rates by 25 bps in September, and most officials indicated another hike could be appropriate later this year. The next FOMC meeting is scheduled for October 27â28.
For BTC, Iâm watching:
Current Price: ~$83,300
Resistance: $85,000 â $87,000
Major Breakout: $90,000+
Support: $82,000 â $80,000
If the Fed becomes less hawkish and liquidity expectations improve, Bitcoin could regain momentum. But if yields and the dollar continue rising, BTC may remain under pressure.
My view: $87K is the key level. A clean breakout could change the short-term structure.
Do you think the Fed will trigger Bitcoinâs next big move?
#FedMinutesFocusOnOctoberPause
#Bitcoin #crypto #Fed
$BTC |$SOL |$BR
Bitcoin is trading around $83,300, after recently failing to hold above the $87,000 resistance. Now, the Fed could decide where the next major move goes.
The latest FOMC minutes were still hawkish. The Fed raised rates by 25 bps in September, and most officials indicated another hike could be appropriate later this year. The next FOMC meeting is scheduled for October 27â28.
For BTC, Iâm watching:
Current Price: ~$83,300
Resistance: $85,000 â $87,000
Major Breakout: $90,000+
Support: $82,000 â $80,000
If the Fed becomes less hawkish and liquidity expectations improve, Bitcoin could regain momentum. But if yields and the dollar continue rising, BTC may remain under pressure.
My view: $87K is the key level. A clean breakout could change the short-term structure.
Do you think the Fed will trigger Bitcoinâs next big move?
#FedMinutesFocusOnOctoberPause
#Bitcoin #crypto #Fed
$BTC |$SOL |$BR