The Federal Open Market Committee (
#fomc ) meeting on July 30, 2025, concluded with the decision to maintain interest rates at 4.25%â4.5%, marking the fifth consecutive meeting without a rate change. Despite pressure from President Donald Trump for a rate cut, Fed Chair Jerome Powell emphasized a cautious approach, citing uncertainties around tariffs and their potential impact on inflation. Powell noted during the press conference that no decisions have been made for the September meeting, leaving markets anticipating whether a cut might come later in 2025. This decision has sparked speculation about its effect on Bitcoin (
$BTC ) and the broader market.
BTC Daily Timeframe Analysis
In the daily timeframe, Bitcoin has been consolidating between 116,000 and 120,000 for the past 13 days, showing no decisive breakout. The price remains in a tight range, with neither buyers nor sellers dominating. Strong support persists around 115,800, preventing a deeper decline and keeping the bullish outlook intact for now.
However, a potential double top pattern is forming near 120,000. While not fully confirmed, this pattern signals resistance at higher levels. If Bitcoin fails to break above 120,000, a pullback could occur, potentially testing lower support levels.
BTC Weekly Timeframe Analysis
On the weekly chart, Bitcoinâs overall trend remains bullish. However, the current week shows a bearish candle forming, indicating that sellers are exerting some pressure. A critical support level exists around 110,000, which has held firm in the past. As long as the price stays above this level, the bullish trend remains intact.
If Bitcoin breaks below 110,000, it could trigger a significant drop, signaling stronger seller momentum. In such a scenario, traders would likely look for the next support level below 110,000 where the price might stabilize and potentially bounce.
BTC Fundamental Analysis
Fundamentally, several factors continue to shape Bitcoinâs outlook. The U.S. has implemented clearer crypto regulations, such as the recently passed Genius Act, boosting investor confidence. Major institutions, like Trump Media, have made significant Bitcoin purchases, while banks like JPMorgan are now offering loans backed by Bitcoin as collateral. Additionally, over $50 billion has flowed into Bitcoin exchange-traded funds (ETFs), further driving price momentum.
On the macroeconomic front, the FOMCâs decision to hold rates steady reflects caution due to âsomewhat elevatedâ inflation (2.7% CPI as of June 2025) and uncertainties surrounding Trumpâs tariff policies. Powell noted that tariffs could lead to short-term price increases, though their long-term impact remains unclear. Despite Trumpâs push for lower rates, the Fedâs focus remains on its dual mandate of maximum employment and 2% inflation. Two FOMC members, Christopher Waller and Michelle Bowman, dissented, favoring a rate cut, marking a rare double dissent not seen since 1993. This signals potential openness to cuts later in 2025, which could act as a bullish catalyst for Bitcoin.
A favorable U.S.-Europe trade deal and expectations of future rate cuts also support a positive outlook for risk assets like Bitcoin, as lower rates typically encourage investment in high-growth assets.
Final Expected Movement
The weekly chart indicates a bullish trend, but short-term seller pressure is evident. The FOMCâs decision to hold rates steady has introduced uncertainty, with Powellâs remarks offering no clear guidance on a September cut. If Bitcoin breaks below 115,800 or, more critically, 110,000, it could signal a deeper correction, potentially testing lower supports.
Conversely, if the 115,800 support holds and positive sentiment around future rate cuts grows,
#bitcoin could break above 120,000, resuming its upward trajectory. Traders should closely monitor upcoming economic data, particularly inflation and employment reports, as these will influence the Fedâs next moves.
In summary, while the long-term trend remains bullish, the lack of a rate cut on July 30 introduces short-term risks. A break below key supports could lead to a crash, while holding above them keeps the potential for a blast alive. Stay vigilant for the September FOMC meeting and incoming economic data.
I hope you find this analysis helpful. If you have any questions, drop them in the comment section. Thanks for reading!