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Bitcoin Parabolic or Is the End Approaching? FOMC: Buy the Rumour, Sell the News?

Tomorrow’s interest rate decision could cause significant Bitcoin price swings, especially with BTC struggling to hold above $60,000. Bitcoin Parabolic or Is the End Approaching? FOMC: Buy the Rumour, Sell the News?
Analysts expect volatility driven by either a 25 or 50 basis points rate cut, with major impacts on ETF markets.
$52,000 may have been the bottom for Bitcoin after a solid double bottom at key support levels, supported by an ETF inflow of $403 million.
Bitcoin Faces Volatility Before the Fed’s Big Decision
The Federal Reserve’s looming interest rate decision is creating tension in the Bitcoin market. With Bitcoin recently dipping below the critical $60,000 support level, traders are bracing for significant price movements. Analysts from Bitfinex suggest that the outcome of tomorrow’s decision could unlock bullish momentum or trigger a wave of caution and de-risking, depending on how large the rate cut is.

“A 25 basis points cut could bring optimism, while a larger 50 basis points cut might spark market caution,” Bitfinex analysts shared. These movements are expected to be reflected in Bitcoin ETFs and perpetual markets, where sharp price fluctuations could take place.

Did Bitcoin Hit Its Bottom at $52K?

Amid the volatility, Bitcoin bulls might find a silver lining. Bitcoin recently bounced off a key support level twice, representing a double bottom formation on the daily chart. Strong buying sentiment seems to be building between $54,000 and $52,000. Adding to this, the CCI indicator showed bullish divergence, signalling that selling momentum was easing when the bounce occurred. On September 14, Bitcoin briefly regained the $60,000 mark before losing momentum again, but many are now wondering if $52,000 was the bottom.

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Bitcoin Rally? What’s Your Target?

Despite all the market’s ups and downs, one question keeps coming up—what’s your Bitcoin target? The truth is, I don’t focus on specific price targets. Instead, I look at key areas of interest based on liquidity and support/resistance zones. Predicting Bitcoin to hit $250K in a volatile market often leaves people disappointed—or worse, holding onto altcoins that eventually lose their value. Bitcoin Parabolic or Is the End Approaching? FOMC: Buy the Rumour, Sell the News?

My strategy is focused on securing profits, and I live by the motto: whether Bitcoin is at $100K or $10K, a 1% gain is still a 1% gain. Once I eliminated FOMO and stopped chasing wild predictions, my trading performance skyrocketed. That said, here are my key areas of interest, represented by Fibonacci levels.

Keep up with the action!
This is crypto—anything can happen! It’s vital to stay prepared and informed. Join the Empire Crypto Trading platform now to access the latest crypto charts, free education, airdrop guides, and more. Don’t miss out—sign up today and be part of the Empire!

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