Home
News
Details

Bitcoin Price Analysis After FOMC Meeting: Rate Cuts May Not Drive Immediate Rally

iconAMBCrypto
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$92,308.302.29%
Bitcoin analysis following the FOMC meeting suggests a 25 bps rate cut is likely, with a 50 bps cut seen as unlikely. Traders note prior cuts in September and October were followed by 8% and 12% Bitcoin price declines. A recent 5.7% rally to $94k may reflect market anticipation. However, Bitcoin remains below a key November supply zone, with weak OBV signals. A bullish break above $96k could confirm a market rally, but a drop to $90.6k or $88k remains a risk if resistance fails.
Source:Show original
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.