Bitcoin Price Prediction: Will the FOMC Meeting Trigger a Massive Rally or a Sharp Drop?

Jakarta, Pintu News – Bitcoin BTC0.50%->Current BTC PriceRp 1.449.500.1360.50%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 has experienced major price fluctuations, recently dipping below $77,000 before climbing back up to around $83,000.

According to a report by Coinpedia (3/17), this movement was influenced by regulatory issues, economic uncertainty, and a large amount of market liquidation. However, big changes may be on the horizon.

Right now, all eyes are on the upcoming Federal Open Market Committee (FOMC) meeting-a key event that has the potential to shake up the crypto market. With investors on edge and speculation on the rise, the main question is: Will Bitcoin reach a new record or will it experience another downturn?

Here are the things you need to know.

What to Expect from the FOMC Meeting?

Read also: Michael Saylor’s Strategy Buys 130 Bitcoin Worth Rp175 Billion! Total Holdings of Almost 500,000 BTC

The Federal Open Market Committee (FOMC) meeting scheduled for March 19, 2025 is expected to provide insight into the Federal Reserve’s stance on interest rates.

Experts expect the Fed to keep interest rates in the range of 4.25% to 4.5%, the same as in January.

Fed Chairman Jerome Powell, along with other officials, took a cautious approach in changing interest rates, taking into account the ongoing economic uncertainty.

Some of the main factors of concern are inflation risks and the impact of President Donald Trump’s trade policies.

The Impact of Interest Rates on Bitcoin

If the Fed keeps interest rates on hold, it could be a signal of economic stability that could encourage investors to take greater risks with assets like Bitcoin.

Some analysts even predict Bitcoin could rise towards the next resistance level of $95,000.

However, if Bitcoin falls below the 2024 high of around $70,000, a pattern similar to 2017 could occur, where Bitcoin retests the previous year’s peak before experiencing a further decline.

Analyst View: Bitcoin Bullish or Bearish?

Analyst from CryptoQuant, Darkfost, highlighted that Bitcoin’s open interest has surged to $33 billion, suggesting that many traders are using leverage to bet big on Bitcoin’s next price move.

Read also: Shocking Prediction: XRP Price Could Hit $70? Here’s how various crypto analysts analyze it!

On the other hand, crypto analyst Benjamin Cowen warned that political uncertainty has led to liquidation, triggering a price drop in the short term.

With the FOMC decision fast approaching, Bitcoin traders are bracing for potential volatility. Will the Fed’s policy trigger a price increase (rally) or cause a further decline (pullback)? The market is now watching closely.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Bitcoin Price Prediction for This Week [17th – 23rd March] Accessed on March 18, 2025