Bitcoin\u2019s bullish momentum has hit a pause near the $96,000 level, as investors shift focus to the U.S. Federal Reserve\u2019s upcoming Federal Open Market Committee (FOMC) interest rate decision. The flagship cryptocurrency was last seen trading between $95,000 and $96,000, up over 30% from its April lows.<\/p>\n\n\n\n
The current price movement aligns with renewed optimism surrounding U.S.-China trade relations. Former President Donald Trump claimed that trade discussions were back on the table, and China\u2019s Commerce Ministry echoed a willingness to engage though noted that U.S. tariffs remain a major barrier. According to The Wall Street Journal<\/em>, China may also offer cooperation on fentanyl regulation, a topic often cited by Trump to justify tariffs.<\/p>\n\n\n\n Still, the next major macroeconomic catalyst remains the FOMC\u2019s policy stance. Analysts widely expect the Fed to maintain the benchmark interest rate at 4.5% due to persistent inflation concerns. However, with recent data revealing a 0.3% contraction in U.S. GDP for Q1 the worst reading since 2022 some market participants, including Polymarket traders, are betting on a potential 0.25% rate cut in June.<\/p>\n\n\n\n Why This Matters for Bitcoin<\/strong><\/p>\n\n\n\n Lower interest rates typically weaken the U.S. dollar and drive capital toward risk assets like Bitcoin. If the Fed signals even a mild dovish turn, it could accelerate Bitcoin\u2019s rally past the key $100,000 psychological level.<\/p>\n\n\n\n From a technical standpoint, Bitcoin remains bullish. The price has broken above a crucial resistance at $88,655, completing a double-bottom reversal. A golden cross has formed, with the 50-day and 100-day moving averages crossing upward a historically strong bullish indicator. Both the RSI and MACD also signal continued buying strength.<\/p>\n\n\n\n If bulls can break above $100,000, the next resistance lies near the all-time high of $109,300.<\/p>\n\n\n\n What\u2019s Next?<\/strong><\/p>\n\n\n\n The FOMC\u2019s tone will likely determine whether Bitcoin continues its upward momentum or consolidates further. A surprise rate cut or dovish outlook could act as the trigger for a breakout. Traders should watch closely as macroeconomic narratives and technical signals align in what could be a decisive week for Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s bullish momentum has hit a pause near the $96,000 level, as investors shift focus to the U.S. Federal Reserve\u2019s upcoming Federal Open Market Committee (FOMC) interest rate decision. The flagship cryptocurrency was last seen trading between $95,000 and $96,000, up over 30% from its April lows. The current price movement aligns with renewed optimism…<\/p>\n","protected":false},"author":3,"featured_media":8400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,952],"class_list":["post-8399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-fomc"],"yoast_head":"\n