The post FED Meeting Focus: Will Jerome Powell’s Speech Ignite Bitcoin Rally? appeared first on Coinpedia Fintech News

Bitcoin’s momentum cooled today as traders turned cautious ahead of key macroeconomic events, including the release of the FOMC Minutes and Fed Chair Jerome Powell’s upcoming speech. 

The top cryptocurrency, which recently touched a fresh all-time high of $126,200, has slipped over 2% in the past 24 hours and is currently trading near $122,495. This pullback comes as investors digest a volatile mix of rising inflation, fears of a prolonged U

  • Also Read :
  •   Polymarket CEO Shayne Coplan Reveals Previously Undisclosed $205M Funding
  •   ,

At the same time, gold and silver prices continue to rise as investors pivot to safe-haven assets, a move often referred to as the “debasement trade”, where money flows into alternatives like gold and Bitcoin to hedge against currency erosion.

Analysts Split on Bitcoin’s Next Move

Despite the recent price dip, sentiment among top crypto analysts remains largely optimistic. Michaël van de Poppe noted that profit-taking after a new all-time high is normal, calling the retracement a “healthy reset” and a potential dip-buying opportunity for Bitcoin investors.

CrediBULL Crypto also maintained that Bitcoin’s trend remains bullish, suggesting that the market may be entering a parabolic phase capable of triggering another major rally. 

In contrast, analyst Ted Pillows cautioned, 

“Failure to hold above the $120,000 support zone could push Bitcoin lower toward $117,000–$118,000 before any meaningful recovery.”

Bitcoin Awaits Macro Signals

As the Fed’s decisions loom, Bitcoin’s short-term direction rests squarely on macroeconomic signals. A dovish tone from the Fed could revive the rally, while a stronger dollar and hawkish policy hints may keep BTC in consolidation. Traders are now watching the $120K level closely, a make-or-break zone that could determine Bitcoin’s next major price move.

“With the FOMC Minutes and Powell speech on the horizon, Bitcoin investors should remain vigilant and monitor key support levels,” added van de Poppe. “This week could set the tone for Bitcoin’s trajectory in the final quarter of the year.”

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

Why is Bitcoin price down today?

Bitcoin’s price is down due to trader caution ahead of key macroeconomic events, including the release of the FOMC Minutes and an upcoming speech from Fed Chair Jerome Powell.

How do Fed interest rates affect Bitcoin?

The Federal Reserve’s interest rate policy influences Bitcoin’s price. A dovish stance (hinting at rate cuts) can boost Bitcoin, while a hawkish one (suggesting higher rates) often pressures its price.

What is the Bitcoin price prediction?

Analysts remain largely bullish, viewing the current pullback as a healthy reset. However, a break below the $120,000 support could lead to a deeper correction toward $117,000.

Is now a good time to buy Bitcoin?

Some analysts see the current dip as a potential buying opportunity, but caution is advised as the short-term direction depends heavily on the Federal Reserve’s upcoming policy signals.