Goldman Sachs Delays Fed Rate Cut Prediction to 2026
- Rate Cut Delay: Goldman Sachs has postponed its forecast for the first Federal Reserve rate cut to September 2026, a shift from the previous June estimate, reflecting concerns over inflation risks tied to oil prices and geopolitical tensions, which may exert pressure on the crypto market.
- Inflation Expectations Raised: The bank now anticipates headline PCE inflation to reach 2.9% in 2026, an upward revision of 0.8 percentage points, with core PCE inflation projected to rise to 2.4%, indicating that high energy prices will continue to impact the economy and may keep borrowing costs elevated.
- Oil Price Impact Analysis: Goldman predicts Brent crude prices will average around $98 per barrel in March and April, with potential spikes above $110 per barrel if disruptions occur in the Strait of Hormuz, and a 10% increase in oil prices could push overall inflation up by approximately 0.2 percentage points.
- Market Reaction Expectations: The delayed easing cycle suggests that the crypto market may face increased pressure, particularly in a tightening financial environment, where investor appetite for risk-sensitive assets could diminish, leading to sustained high volatility in the short term.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 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 | 56777.659 | 61198.075 | 65209.169 | 69629.585 | 73640.679 | 78061.095 | 82072.189 |
| Fibonacci | 61198.075 | 64418.911 | 66408.748 | 69629.585 | 72850.421 | 74840.258 | 78061.095 |
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