Fed's Interest Rate Decision Impacts Bitcoin
- Rate Decision Expectations: The Federal Reserve is set to announce its first interest rate decision of 2026 on Wednesday, with a 97.2% probability of keeping rates unchanged in the 3.5%-3.75% range, which will directly influence Bitcoin's price trajectory.
- Importance of Powell's Speech: Chairman Jerome Powell's statements will be more critical than the rate decision itself; a hawkish tone could increase market volatility and apply downward pressure on Bitcoin, while a dovish stance may support an uptrend for BTC and stocks.
- Market Divergence: Morgan Stanley expects the Fed to signal a dovish outlook by maintaining the phrase about evaluating further rate cuts, while JPMorgan predicts no cuts this year and a potential rate hike next year, highlighting differing market expectations.
- Inflation Risk Focus: Powell indicated in a December speech that rate cuts might occur later in 2026, and Minneapolis Fed President Neel Kashkari recently stated that it is too early to discuss rate cuts, indicating that inflation risks remain a focal point for the market.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59175.299 | 62146.65 | 65040.299 | 68011.65 | 70905.299 | 73876.65 | 76770.299 |
| Fibonacci | 62146.65 | 64387.08 | 65771.22 | 68011.65 | 70252.08 | 71636.22 | 73876.65 |
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