Bitcoin price is sitting at $74,100, up 0.4% on the day as markets are holding their breath ahead of Wednesday’s Fed announcement.
The Fed is walking into this meeting with oil above $100 and Middle East tensions complicating the inflation picture. A hold at 3.50 to 3.75% is already priced in. What Powell says after is what actually matters.
The recent recovery looks promising on the surface. Bitcoin has gained roughly $3,933 over the past six days. But the volume behind the push above $74,000 is thin. Institutional conviction is on pause until the FOMC statement drops.
Senior PrimeXBT analyst Jonatan Randin flagged it directly. A sell the news pattern has played out after 7 of the last 8 Fed meetings. The setup for another one is right there.
Bitcoin Price Prediction: Can Bitcoin Sustain Momentum to $80,000?
Bitcoin is testing the $69,000 to $74,000 resistance band. A decisive close above it validates the rally. Fail to hold and the move looks increasingly like a bull trap.
Oil volatility and the FOMC are running the show right now. On-chain metrics are taking a back seat.
The key level is $70,000. Bulls need to flip it from ceiling to floor. If Powell sounds flexible rather than hawkish, a relief rally toward $80,000 opens up. If the sell the news pattern repeats, $67,000 and the moving averages below become the base case.
Randin put it plainly. This rally lacks the hallmarks of a genuine risk-on signal. Investors are hedging, not accumulating aggressively. The liquidity at these highs is thin.
The market needs a trigger. Without Middle East de-escalation or a dovish surprise from Powell, the upside is capped and the consolidation drags on.
Post-FOMC volatility will give traders the direction they have been waiting for. Until then, nobody is committing.
Bitcoin Hyper Targets Early Mover Upside as Bitcoin Consolidation Looms
When Bitcoin stalls at macro resistance, Layer 2s tend to run. Smart money knows this and is already rotating.
Bitcoin Hyper is leading that rotation. The first Bitcoin Layer 2 to integrate the Solana Virtual Machine. Sub-second finality on a Bitcoin-native layer. No more slow transactions, high fees, or lack of programmability.
The presale has raised exactly $32,006,366.75. Current price is $0.0136772.
The Decentralized Canonical Bridge handles BTC transfers cleanly, letting users run high-speed smart contracts while keeping Bitcoin’s security guarantees intact.
Bitcoin security. Solana speed. Early entry price. As mainnet launch approaches, the positioning window is closing.
Visit the Official Bitcoin Hyper Website Here
The post Bitcoin Price Prediction: Analyst Warns Bitcoin Could Repeat the Sell the News Trap — Will Powell Break the Pattern This Time? appeared first on Cryptonews.
Credit: Source link