Analyst: Bitcoin May Face a $68,000–$80,000 Range Amid Fed Rate Decision

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Fed news regarding the Federal Reserve’s rate decision this week could influence Bitcoin developments in the coming days. The Fed’s decision is scheduled for Thursday at 2:00 AM, with futures indicating a 99% probability of no change this month. Bitcoin is trading near $74,000 with neutral market sentiment. A dot plot suggesting limited rate cuts by 2026 may test the $68,000 support level. A dovish Fed outcome could push BTC toward $80,000. Market participants are also closely watching Trump’s Fed chair nominee, Kevin Warsh, whose stance is viewed as more unpredictable than Powell’s. Institutional funds may de-risk ahead of the April meeting, potentially triggering volatility in altcoins.

Odaily Planet Daily reports: Adam, a macro researcher at Greeks.live, posted on X that the Fed’s interest rate decision for this month will be announced at 2:00 AM Thursday local time. Currently, futures markets indicate a 99% probability of no change, and for next month’s meeting, the market assigns a 97% probability of no change, suggesting the Fed’s impact on markets over the past two months may remain relatively limited. Bitcoin is currently trading around $74,000, with the Fear & Greed Index at neutral.

1. Hawkish Signal: If the dot plot indicates only one or even zero rate cuts in 2026, market expectations will decline, liquidity will tighten, and BTC is highly likely to retest the $68,000 support level.

2. Doveish surprise: If Powell mentions "inflation under control" or "monitoring the labor market," improved liquidity expectations will directly push the price toward the $800,000 level.

3. X Factor: Kevin Warsh, Trump’s nominated potential chair, has policy preferences that are harder to discern than Powell’s. Markets fear most a “policy vacuum” or a shift to a hawkish leadership. Ahead of the April meeting, institutional funds may opt for risk-off positioning, leading to sharp volatility in altcoins.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.