Bitcoin retests $112,000 ahead of the Fed. If it clears $120,000 after the announcement, $143,000 and a new ATH could be in view. So, this isn’t a crash but a countdown.
Context in a Nutshell
Historically, Bitcoin’s recent pull-back isn’t a panic. It may simply be the market taking a breath. As the Fed meeting looms, Bitcoin hovers near $112,000, with a breakout above $120,000 pointing to a possible $143,000 target.
What You Should Know
$BTC briefly spiked to $116,094, then pulled back to $112,637 as buyers stepped in near $112,500.
Analysts note that while sellers capped moves around $115,600-$116,200, holding support above $112,500 is crucial.
One forecast: clearing $120,000 would open a clearer path toward $143,000, as historical “traffic” above would be lighter.
The dip is considered a “standard pre-Federal Open Market Committee (FOMC)” move, where markets pause ahead of the Fed decision.
Why Does This Matter?
In crypto markets, timing and structure matter as much as narrative. Here, the structural setup is clear: Bitcoin is in a pause, not a breakdown. If the FOMC announcements jolt markets higher and the $120,000 barrier is cleared, the market could trigger the next leg upward. Conversely, staying stuck below that level may invite stagnation or even pullback. For traders and investors, this isn’t about chasing the top; it’s about reading the runway.
Bitcoin’s script requires one of two things: a breakout or a breakdown. Watch the $120,000 gate. What happens next could set the tone for the next chapter.