Bitcoin Price Trends: What to Expect This Week
The cryptocurrency market is currently buzzing with speculation following a notable Bitcoin (BTC) price dip of over 1% in the last 24 hours, driving its value to approximately $114,665. With the Federal Reserve rate decision anticipated this week, analysts are closely monitoring the situation for potential market moves.
Key Factors Impacting Bitcoin Prices
Over the weekend, Bitcoin hit a robust supply wall near $117,000, leading the broader altcoin market to show signs of correction. Currently, short-term market uncertainty has triggered liquidations amounting to $440 million in the leveraged crypto market. Amid this, the total crypto market capitalization has dropped by 1.2%, hovering near the $4 trillion mark during the late New York session.
Technical Analysis: Mid-Term Bearish Indicators
On the daily timeframe, Bitcoin’s BTC/USD pair exhibits a possible mid-term reversal with a rebound that resembles a “bear flag” pattern. Analysts predict a target of around $92,000—a major support level expected to lay the groundwork for the next bullish rally. The lingering BTC CME futures gap, ranging between $91.9k and $92.5k, continues to add pressure to the market as traders await its resolution.
Contrarily, should BTC break through and sustain above $122,000, it could initiate a powerful bullish trend, further exciting crypto investors and traders alike.
Federal Rate Decision: The Catalyst?
On Wednesday, September 17, the Federal Reserve is set to reveal its latest interest rate policies. President Donald Trump has already voiced concerns, urging the Fed to implement aggressive rate cuts amid a lackluster labor market and concerns over the housing sector.
Prediction market data currently estimates a 91% probability of a 25 basis point rate cut. Despite the optimistic anticipation driving a short-lived Bitcoin price rally, Wall Street analysts warn of a potential “sell-the-news” scenario once the rate decision is finalized.
Turning Uncertainty Into Opportunity
For crypto investors looking to navigate current market volatilities, products like Trezor Model T, a cutting-edge cryptocurrency wallet, offer exceptional security to protect digital assets during uncertain times. Its high-level encryption and intuitive interface are preferred by seasoned crypto enthusiasts.
Final Thoughts
While the crypto market remains on edge awaiting the Fed’s decision, the likelihood of further rate cuts in the coming months could underpin a parabolic recovery for Bitcoin and the broader crypto space. However, cautious optimism is warranted as near-term corrections may precede a long-term rally.
