Bitcoin (BTC) is gaining momentum once again. After a solid 30% rebound from its April low, BTC is now hovering near the $95,000 mark. With this bullish trend underway, the crypto market’s eyes are now locked on one key macro catalyst: the upcoming decision from the U.S. Federal Reserve’s Federal Open Market Committee (FOMC).

Could the next FOMC meeting push BTC toward a six-figure breakout?

The Federal Reserve Factor

Economists expect the Fed to keep interest rates steady at 4.5%. However, a surprising economic contraction of -0.3% in Q1 2025 has sparked speculation that the Fed might begin cutting rates as early as June.

A potential 25-basis-point rate cut could act as fuel for risk-on assets like Bitcoin, especially as investors seek hedges against inflation and fiat volatility.

Bitcoin Price Analysis: Signs of Strength

Technical indicators suggest BTC is breaking out of a months-long consolidation:

  • Double-Bottom Pattern: Bitcoin has bounced strongly from the $74,330 region, forming a double-bottom with a neckline at $88,655 which has now been breached.

  • Golden Cross: A mini golden cross (where the 50-day MA crosses above the 100-day MA) has formed, signaling momentum is shifting upward.

  • Momentum Indicators: Both RSI and MACD are trending bullish, suggesting more room to climb.

If this momentum holds and the Fed confirms dovish policies, BTC could retest and possibly break the psychological $100,000 barrier.

Don’t Ignore Macro Risks

While the FOMC’s decision could act as a bullish trigger, broader geopolitical and economic factors also weigh on the market:

  • Global trade tensions remain high, especially between the U.S. and China.

  • Inflationary pressures and currency instability are influencing investor sentiment globally.

These macro variables add both upside potential and downside risk for crypto assets in the coming months.

Conclusion

Bitcoin’s recent price surge has placed the $100,000 milestone back on the radar. The upcoming FOMC meeting and whether or not it signals a pivot in monetary policy could determine the timing and strength of this breakout.

Still, crypto investors should remain alert. A favorable Fed outcome could supercharge BTC’s next leg up, but external risks and market volatility aren’t going anywhere.

Disclaimer

This content is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are volatile and carry high risk. Always do your own research (DYOR) and consult with a financial advisor before making any investment decisions.