Bitcoin Outlook Ahead of the Fed Rate Decision: Technical Support and Upside Potential!

Updated

May 6, 2025

Gambar Bitcoin Outlook Ahead of the Fed Rate Decision: Technical Support and Upside Potential!

Jakarta, Pintu News – Bitcoin is showing signs of recovery from its 2025 low of $74,000 (approximately Rp1,211,972,000 at an exchange rate of Rp16,378 per USD). Leading crypto analyst, Michaël van de Poppe, indicated that this week could be a pivotal moment for BTC, especially ahead of the interest rate decision by the Federal Reserve (Fed) on May 6-7, 2025. This decision could potentially be a catalyst for Bitcoin’s next price movement.

Technical Support and Potential Increase

Big week coming up with the FED.

The likelihood of a rate cut is significant and if that rate cut comes, another confirmation of money supply to go ballistic and #Crypto & #Bitcoin to succeed.
— Michaël van de Poppe (@CryptoMichNL) May 3, 2025

Van de Poppe notes that Bitcoin has retested the previous resistance zone at $75,000 (about Rp1,228,350,000) which now serves as support. According to him, this is an ideal foundation for the continuation of the uptrend. He also highlighted that BTC has broken through the important level of $87,000 (about Rp1,424,886,000) and is currently above $92,000 (about Rp1,507,776,000), showing strong bullish momentum.

The analyst stated that any drop in the current price can be considered as an opportunity for accumulation towards new record highs. Against this background, investors and crypto market participants are closely monitoring BTC’s movements.

Also Read: BONK Freefalls 8% in 24 Hours: Check out the Price Levels that Can Prevent Further Declines!

Macroeconomic Factors and Their Impact

If I look at this chart for #Bitcoin, it looks like we've just had a beautiful retest of the previous resistance zone at $75K becoming support.

This is just an ideal build-up before the next leg upwards. pic.twitter.com/Hqu3LnN3Nj
— Michaël van de Poppe (@CryptoMichNL) May 3, 2025

Van de Poppe emphasized that two key macroeconomic factors-monetary expansion and the business cycle-have the potential to push Bitcoin to new highs. He stated that if the Fed cuts interest rates, this could strengthen the money supply and support the price growth of digital assets like BTC.

In addition, global economic conditions showing signs of monetary easing may increase the attractiveness of investing in cryptocurrencies as a hedge against inflation and economic uncertainty. This makes the Fed decision a key focus for investors this week.

Market Conditions and Investor Sentiment

#Bitcoin had one crucial level to break through: $87K.

It did and it continued to rally higher.

It has also flipped back in the range above $92K.

That means –> any dip is a good opportunity towards the new ATH. pic.twitter.com/Ehr3c7I3zq
— Michaël van de Poppe (@CryptoMichNL) May 4, 2025

Currently, Bitcoin is trading around $94,375 (approximately Rp1,545,938,750), showing a significant recovery from previous lows. Market sentiment tends to be positive, with many investors seeing further upside potential if macroeconomic conditions are favorable.

However, crypto market volatility remains high, and the Fed’s decision could trigger significant price fluctuations. Therefore, investors are advised to remain vigilant and consider appropriate risk management strategies in the face of current market dynamics.

Conclusion

As the monetary expansion and the business cycle are about to heat up, it's very likely that we'll see a continuation on #Bitcoin to an ATH and higher.

What does that mean in terms of strategy?

Very simple.

Buy the dip and avoid emotional behavior through scrolling on social…
— Michaël van de Poppe (@CryptoMichNL) May 3, 2025

This week is a crucial period for Bitcoin, with a combination of technical and macroeconomic factors potentially affecting price movements significantly. The interest rate decision by the Fed could be a major trigger for crypto market trends in the short term. Investors and market participants are advised to monitor these developments closely and conduct thorough analysis before making investment decisions.

Also Read: Ethereum Hangs Above $1,770: Can It Reach $2,030 Next?

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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