Bitcoin (BTC) Price Prediction: Bitcoin Consolidates Above $109K—Is a Major Fed-Fueled Move Coming?
The post Bitcoin (BTC) Price Prediction: Bitcoin Consolidates Above $109K—Is a Major Fed-Fueled Move Coming? appeared on BitcoinEthereumNews.com. Bitcoin is trading in a narrow range above $109,000 as investors await the Federal Reserve’s next policy signal, with ETF inflows and technical patterns hinting at an impending breakout. After a relatively quiet week, Bitcoin price today hovers just above the $109K mark, consolidating around key technical levels as the crypto market braces for a possible jolt from the upcoming FOMC meeting minutes. As spot ETF inflows continue to build momentum, traders are watching for signs of a fresh breakout—or a deeper retracement—based on macroeconomic cues. Market Overview: Bitcoin Technical Analysis Hints at Breakout Potential The Bitcoin chart on both the daily and intraday timeframes reveals consolidation just above the $108,300 support zone. BTC has been forming a tight ascending triangle, currently trading between $108,200 and $109,600. Technically, the Bitcoin RSI indicator on the 30-minute chart sits near 53.8, recovering from previous bearish divergences, while the MACD shows mild bearish pressure but no decisive downside shift. Bitcoin (BTC) is consolidating within a symmetrical triangle on the 1-hour chart, with a breakout above $109,600 likely to trigger further upside momentum. Source: SEBASTIIAN74 on TradingView If Bitcoin closes above the $109,600 resistance, it could pave the way for a move toward the May 22 high of $111,980. However, analysts caution that a daily close below $107,200 would signal a breakdown of bullish structure and invite further downside toward the $105,300 support, which aligns with the 50-day Exponential Moving Average (EMA). Key Catalyst: Fed Minutes and ETF Momentum in Focus As Bitcoin news today centers around macro policy and regulatory developments, all eyes are on the Federal Open Market Committee (FOMC). The minutes from the latest meeting, due later today, are expected to offer clues about the Fed’s rate strategy in Q3 2025. A more dovish stance could weaken the U.S. dollar and…
The post Bitcoin (BTC) Price Prediction: Bitcoin Consolidates Above $109K—Is a Major Fed-Fueled Move Coming? appeared on BitcoinEthereumNews.com.
Bitcoin is trading in a narrow range above $109,000 as investors await the Federal Reserve’s next policy signal, with ETF inflows and technical patterns hinting at an impending breakout. After a relatively quiet week, Bitcoin price today hovers just above the $109K mark, consolidating around key technical levels as the crypto market braces for a possible jolt from the upcoming FOMC meeting minutes. As spot ETF inflows continue to build momentum, traders are watching for signs of a fresh breakout—or a deeper retracement—based on macroeconomic cues. Market Overview: Bitcoin Technical Analysis Hints at Breakout Potential The Bitcoin chart on both the daily and intraday timeframes reveals consolidation just above the $108,300 support zone. BTC has been forming a tight ascending triangle, currently trading between $108,200 and $109,600. Technically, the Bitcoin RSI indicator on the 30-minute chart sits near 53.8, recovering from previous bearish divergences, while the MACD shows mild bearish pressure but no decisive downside shift. Bitcoin (BTC) is consolidating within a symmetrical triangle on the 1-hour chart, with a breakout above $109,600 likely to trigger further upside momentum. Source: SEBASTIIAN74 on TradingView If Bitcoin closes above the $109,600 resistance, it could pave the way for a move toward the May 22 high of $111,980. However, analysts caution that a daily close below $107,200 would signal a breakdown of bullish structure and invite further downside toward the $105,300 support, which aligns with the 50-day Exponential Moving Average (EMA). Key Catalyst: Fed Minutes and ETF Momentum in Focus As Bitcoin news today centers around macro policy and regulatory developments, all eyes are on the Federal Open Market Committee (FOMC). The minutes from the latest meeting, due later today, are expected to offer clues about the Fed’s rate strategy in Q3 2025. A more dovish stance could weaken the U.S. dollar and…
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