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

Jakarta, Pintu News – Bitcoin (BTC) 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

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

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

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

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.

Reference:

• Henry Kanapi / The Daily Hodl. Big Week Coming for Bitcoin As BTC Flashes ‘Ideal’ Build Up for Potential Rallies, According to Analyst. Accessed May 6, 2025.
• Featured Image: Generated by AI