Will FOMC decision push Bitcoin price beyond $100k?
By: bitcoin ethereum news|2025/05/04 21:15:01
0
Share
Bitcoin price recovery has stalled as focus shifts to the upcoming Federal Open Market Committee interest rate decision. Bitcoin (BTC) was trading between $95,000 and $96,000 at last check Sunday. That’s up by about 30% from its lowest level in April this year. The price movement coincided with President Donald Trumo’s claims that trade talks between the US and other countries, including China, were taking place. In a statement, China’s Commerce Ministry indicated that it was open to talks with the Trump administration, but that tariffs prevented them. Per the Wall Street Journal, China is also planning to make “a potential fentanyl offer” since Trump frequently used drug trafficking to justify the tariffs. The upcoming FOMC (Federal Open Market Committee) interest rate decision will be the next key catalyst for the Bitcoin price. This will set the tone for what to expect in the second half of the year. Economists expect the U.S. Federal Reserve to maintain interest rates at 4.5%. Officials will also maintain a cautious tone because inflation remains elevated. They also expect prices to rise gradually as Trump’s tariffs take effect. At the same time, officials are concerned that the economy may be moving towards a recession. Data released last week showed that the economy contracted by 0.3% in the first quarter, the worst performance since 2022. As such, officials may still propose a 0.25% cut at the June meeting, as Polymarket traders expect. This move will likely fuel the next Bitcoin price rally. Bitcoin price technical analysis The daily chart shows that the BTC price has rallied in the past few weeks, rising from a low of $74,330 to a high of $97,927. It has crossed the important resistance level at $88,655, the neckline of the double-bottom pattern at $76,665. Bitcoin has formed a mini golden cross pattern as the 50-day and 100-day moving averages have crossed each other. Top oscillators like the Relative Strength Index and the MACD indicators have all pointed upwards. Therefore, the coin will likely continue rising as bulls target the resistance at $100,000. A break above that level will point to more gains, potentially to the all-time high of $109,300, in line with this BTC price prediction. Source: https://crypto.news/will-the-fomc-decision-push-bitcoin-price-beyond-100k/
You may also like

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…

Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…

Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…

Ethereum 2029 Roadmap: ETH to Become the High-Speed Internet of Value
Key Takeaways Ethereum’s new roadmap, the “Strawmap,” aims for a settlement layer achieving 10,000 transactions per second (TPS)…
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.