$BTC & FOMC

As of June 17, 2025, Bitcoin (BTC) is trading at approximately $103,689, reflecting a recent decline of about 3.8% from its intraday high of $108,801. This pullback comes ahead of the Federal Open Market Committee (FOMC) meeting scheduled for June 18, 2025.

Technical Overview:

• Support Levels: Key support is observed at $100,000, a psychologically significant level, and further below at $95,000, aligning with previous consolidation zones.

• Resistance Levels: Immediate resistance is at $107,000, with a stronger barrier near the all-time high of $112,000.

• Indicators: The Relative Strength Index (RSI) is approaching neutral territory, suggesting potential for either bullish or bearish momentum. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating upward momentum.

Market Sentiment:

Market participants are anticipating the FOMC’s decision on interest rates, with a 63% probability of a 25 basis point rate cut, according to recent data . Such a move could enhance liquidity and risk appetite, potentially benefiting assets like Bitcoin.

Outlook:

Should the FOMC implement a rate cut, Bitcoin may experience increased buying interest, possibly testing resistance levels around $107,000 and $112,000. Conversely, if the Fed maintains rates, Bitcoin could consolidate within the current range, with support at $100,000 and resistance at $107,000. 

In conclusion, Bitcoin’s short-term trajectory hinges on the FOMC’s policy decisions and subsequent market reactions.