Bitcoin response to Fomc could push BTC over $ 110,000 – analyst

• BTC held a range of $ 100 thousand dollars-105 thousand ahead of the FOMC meeting.
• The 21 stock analyst project projecting that the reduction of interest rates of surprise could gather BTC more.

Bitcoin (BTC) He defended a $ 100,000 level on the eve of key macro updates -Decisions on Fed Fed Decisions on PCE inflation data.

For the FED decision, the market expects a ‘without reducing the rate of’ interest rates> 99% of a pause chance.

However, Matt Mena, a strategist for researching cryptocurrencies for 21 shares, said Ambricrypto that the surprise of the 25BPS cut could help the market. He said,

“Given the recent unrest in the shares, the likelihood of increasing the rate is zero effectively. However, surprisingly cutting of 25bps could act as the main tail wind, which has triggered a rally over risk assets. “

Especially, tThe market will closely monitor the Federal Committee for the Open Market (FOMC), awarding forward and conference of President Jerome Powell to evaluate the next market direction.

Will Fomc listen to Trump’s call?

The fact that President Donald Trump openly called for the rejection of interest rates will make it to make a forward directing with a mandatory view. Mena added that,

“If the FED signals two or more decreas, it could provide the type of catalyst required to break up over $ 110,000 and test the next key psychological levels to $ 125,000 and $ 150,000.”

Fed repeated the concern for inflation if the president’s wide tariff program is conducted.

Fed’s favorite inflation data, the cost of costs for personal consumption (PCE) will be published on January 31, the day after the Fed meeting.

Data of the cooler of the expected could be gathered by BTC, while otherwise they could be abolished.

Simply put, the next 48 hours could initiate a market volatility as players adapt to the above announcements and data.

In fact, the option of an option has shown a little Bears feel and the activity of protection, as illustrated by a negative 25RR (25-delicate risk reversal) for January 30th.

25rr was positive to the expiration of Friday options, indicating a premium for calls (bull bets). This suggests a little bull’s feelings for the expected information on inflation.

To the price scheme, Bitcoin remained in the range of $ 100,000 from $ 100,000 to $ 105,000 from January 17th. It remained above the key short and long -term moving average (ma), enhancing positive prospects.

However, the fall below the 50-day MA of $ 98,000 could accelerate the fall to low from $ 91,000.