Bitcoin Steady Ahead of FOMC Decision

[umair]

Bitcoin is holding steady near the low-$110,000s ahead of a major policy decision by the Federal Open Market Committee (FOMC). Traders and analysts are watching closely, as a dovish stance from the Fed could spark a significant rally, while a hawkish outcome might trigger a sharp pullback.

Technically, Bitcoin remains within a larger bullish trend, showing signs of consolidation and strong accumulation. Key support around $106,000–$107,000 will be critical in determining if the market holds or corrects further. A move above $114,000–$115,000 could open the door to a breakout toward $118,000 or higher.

Macro conditions also play a role. With easing inflation and expectations of increased liquidity, Bitcoin could benefit if the U.S. dollar weakens. Yet, the current calm reflects uncertainty, as many investors are waiting for the Fed’s decision and accompanying commentary before taking action.

In summary, Bitcoin’s next move could depend heavily on the FOMC outcome and how the Fed frames its policy direction. Should traders expect a major rally, or is caution still the best strategy until the announcement?