Fed Meeting Expected to Impact Bitcoin Prices as Analyst Reveals Buying Support

• Fed directly influences Bitcoin fluctuations.
• FOMC meeting essential for crypto traders.
• Interest rate decisions impact Bitcoin price.

Throughout this week, a wave of uncertainty has dominated the cryptocurrency market, especially Bitcoin, whose value witnessed a significant reduction, falling today close to US$81.000 thousand.

Currently, the price of Bitcoin is quoted at US$ 82.400 with a 1,5% drop, highlighting the pressure from sellers and the impact of expectations surrounding the Federal Open Market Committee (FOMC) meeting, which takes place tomorrow, March 19.

FOMC deliberations are known for their market-changing effects. As each meeting to discuss US monetary policy approaches, the cryptocurrency landscape remains alert, anticipating potential volatility. Traditionally, traders tend to minimize risk and reduce leverage ahead of the final statement, which, as announced, will be released on Wednesday, March 19, at 14:30 pm ET (18:30 pm UTC – 15:30 pm BRT), US time.

“Traders are closely monitoring the FOMC minutes for any changes in the Fed’s stance on inflation and interest rates,” underscores the caution of investors preparing to adjust their strategies based on the meeting’s results.

In terms of historical reactions, Bitcoin’s performance following FOMC announcements has been predominantly bearish, especially if the Fed decides to keep interest rates unchanged. However, exceptions have been observed, such as the pre-halving rally in February 2024 and during interest rate cuts in September and November of the same year, which significantly boosted Bitcoin’s price.

The latest rate cut on December 18, 2024, however, did not follow the same positive pattern. The modest 25 basis point decrease to the 4,50% to 4,75% range coincided with Bitcoin’s local price peak at $108.000 but did not sustain a lasting upward trend.

Bitcoin Price Analysis

According to analyst @DaanCrypto, Bitcoin’s trajectory still shows signs of uncertainty: “$BTC still unable to break above the Daily 200MA/EMA cluster. $84K-$85K is a key level for bulls to overcome in the short term. $90K would be next after that.” He adds, “If price rejects and makes new lows, this breakout level at ~$73,5K would be my interest.” This analysis points to a critical zone that investors should monitor closely in the coming days, especially considering the impending FOMC developments.

$ BTC Still unable to break back above the Daily 200MA/EMA cluster.

$84K-$85K is a key level to overcome for the bulls in the short term. $90K would be next after that.

If price rejects and makes new lows, that breakout level at ~$73.5K would have my interest. pic.twitter.com/xjYsKRDUDs

— Daan Crypto Trades (@DaanCrypto) March 18, 2025