Bitcoin Price Forecast: Key Scenarios For Tomorrow’s FOMC Decision
The Federal Open Market Committee is expected to maintain the fed-funds rate at 4.25 to 4.50 percent, with a 98.2 percent probability of no change. Chair Jerome Powell emphasizes price stability and a cautious approach to inflation, despite political pressure for lower borrowing costs. Bitcoin traders anticipate volatility following the FOMC announcement, with expectations of a potential rate cut later in the year. Traders predict intraday fluctuations during Powell's press conference, with varying opinions on market direction. Some analysts foresee a continued upward trend in Bitcoin, while others warn of possible pullbacks if Powell adopts a hawkish tone. Current Bitcoin trading price is $94,097, with liquidity concerns and market dynamics influencing future price movements.
