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>>Analysts anticipate a Bitcoin surge with the FOMC in the spotlight, projecting a price near $143,000.

Analysts anticipate a Bitcoin surge with the FOMC in the spotlight, projecting a price near $143,000.

crypthub

1 day ago

Fed Rate Decision

The U.S. Federal Reserve will announce its October interest‑rate decision at 21:00 Turkish time, with a 25‑basis‑point cut widely expected. The cut is seen as a key catalyst for crypto markets. Traders anticipate the outcome to shape Bitcoin’s short‑term direction.

Bitcoin’s Recent Move

Bitcoin slipped from the $116,000 level to around $112,000‑$113,000 ahead of the meeting, a correction analysts consider normal. The price remains above both the 50‑day and 200‑day moving averages, indicating an uptrend. Support is identified near $111,000‑$112,000, while resistance clusters around $117,000‑$120,000.

Analyst Expectations

Ali Martinez projects a rise to $143,000 if Bitcoin breaks above $120,000. Michaël van de Poppe notes that holding the $112,000 support and bursting the $115,600‑$116,200 band could spark new upward momentum. Timothy Misir warns that failure to defend support may push the market below $110,000.