Bitcoin Investors in Waiting Mode, Fed Interest Rates to Decide?

Jakarta, Pintu News – Bitcoin BTC3.77%->Current BTC PriceRp 1.327.261.9953.77%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 traders are currently refraining from making significant moves, awaiting the latest decision from the United States Federal Reserve (Fed) on interest rates.

This decision is predicted to provide important clues for the direction of Bitcoin’s (BTC) next move.

Check out the full news below!

The Effect of Interest Rate Decision on Bitcoin

Ahead of the Fed’s interest rate announcement, the cryptocurrency market seems to be in a highly sensitive state. Analysts believe that the statement the Fed Chairman will make could be key for Bitcoin (BTC) traders to determine their next strategy.

Bitcoin (BTC) currently trades at $83,680, but the key liquidity zone is between $85,000 and $87,000. Bitcoin’s (BTC) reaction to this zone will largely determine investors’ and traders’ market sentiment and actions.

With uncertain market conditions, many see this as an opportunity to buy. Analysts predict that Bitcoin (BTC) could reach $126,000 by next June if the current trend continues.

Read also: Critical Exploit in BNB Chain Meme Launchpad, User Security at Risk?

Bitcoin Price Movement Last Week

Last week, Bitcoin (BTC) fell below the crucial $80,000 support level, hitting its lowest point since November 2024 at $76,600. Although Bitcoin’s (BTC) price has recovered and is back above $80,000, selling pressure remains as buyers struggle to push the price back up.

The initial target for Bitcoin (BTC) bulls is to break the 0.236 daily Fibonacci resistance at $84,396. If successful, this could break Bitcoin (BTC) out of the daily downtrend and trigger a larger price increase.

Read also: Anthony Pompliano: “No Crypto Will Beat Bitcoin!”

Strategies of Traders and Investors

In this volatile market situation, traders’ and investors’ strategies are crucial. They are advised to closely monitor price movements in key zones and follow developments related to the Fed’s interest rate policy.

The decision to buy or sell should be based on in-depth analysis and understanding of how various external factors, such as interest rate policy, can affect the cryptocurrency market.

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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

• CoinEdition. Bitcoin Traders in Wait-and-See Mode Ahead of Fed Rate News. Accessed on March 19, 2025
• Featured Image: Generated by AI