How High Can Bitcoin Price Go After FOMC Meeting Today?
Bitcoin traders are watching today’s Federal Reserve announcement closely. The FOMC is expected to cut interest rates by 0.25%, bringing the target range to 3.5%–3.75%. Rate cuts often lift risk assets like Bitcoin, but the market has a history of sharp swings on FOMC days.Volatility Expected Around the AnnouncementThis is a classic FOMC week. Traders often warn that pre-FOMC rallies can turn into traps. Strength looks real, but timing risk is high. Quick pumps and sudden reversals are common whenever the Fed gives forward guidance.Bitcoin Rebounds From Extreme FearEarlier this week, the crypto fear index dropped to 10, signaling extreme fear in the market. Bitcoin then bounced from $86,700 and climbed back toward $92,300. The price is now forming a higher support base, giving bulls some momentum heading into the announcement.Analysts See Break Toward $103,000 If Resistance BreaksOne analyst said Bitcoin is pushing toward an important resistance near $94,200. The analyst expects a clean breakout, followed by a retest of support, which could open the way toward $103,000.Strong Divergence May Push Bitcoin Toward $100KAnalyst Michaël van de Poppe pointed out that Bitcoin is lagging behind the Nasdaq even though they are usually correlated. Tech stocks and other high-beta assets have already recovered their losses from the recent market crash, but Bitcoin has not.He said this creates a mispricing and could pull Bitcoin higher. He also argued that the recent drop from $115,000 to $80,000 happened too fast, and that broader risk-on appetite is returning.Short-Term Target: $94K Break. Medium-Term Target: $110K–$115KIf the FOMC cuts rates and signals more easing ahead, Bitcoin could retest $94,000, break higher, and then move toward the $100,000–$103,000 region.Over the coming weeks, experts expect Bitcoin to climb back into the $110,000–$115,000 range and erase the entire correction.FAQsWhen is the Fed announcing its latest rate decision? The Fed will announce its rate decision at 2:00 PM ET, followed by Jerome Powell’s press conference at 2:30 PM ET. How could the Fed rate cut affect Bitcoin? A 0.25% cut may boost Bitcoin, as lower rates often lift risk assets, but volatility around the announcement is likely. What is the Bitcoin price prediction for 2025? Most forecasts expect Bitcoin to stay bullish in 2025, with potential highs around $175K if strong demand, ETF inflows, and adoption continue. Will Bitcoin hit $1 million by 2030? While some long-term forecasts are extremely bullish, reaching $1 million by 2030 is speculative. Current credible estimates suggest a potential high around $900,000 by 2030.