CryptoMediaClub
Tuesday, October 14, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Bitcoin Price Hovers Above $27,000 Ahead of FOMC Meeting

20.09.2023
A A
0
123
VIEWS
ShareShare

Bitcoin Price Hovers Above $27,000 Ahead of FOMC Meeting

  • Powell has indicated that the committee will assess the effects of previous rate rises.
  • If the BTC price manages to go past the recent high of $27,460 the price is likely to rally further.

Bitcoin’s price trended upwards recently, and the cryptocurrency almost reached $27,500, its highest level in 20 days. In anticipation of a substantial upward momentum amid the impending FOMC meeting, Bitcoin has risen by 3.90% in the last week.

No doubt it will restore investor confidence as positive signs emerge. However, some of its recent gains have been erased, but it’s still over $27,000 mark at the moment.

Today, the Federal Open Market Committee is expected to announce whether or not it will increase interest rates. It is widely anticipated that the FOMC would maintain the current target range of 5.25%-5.5%.

All Eyes on FOMC Meeting

As the Federal Reserve nears the conclusion of its rate-hiking effort, Chair Jerome Powell has indicated that the committee will assess the effects of previous rate rises. The market is waiting to see whether Bitcoin can sustain a recovery above $27,000 and break through the $31,000 resistance level, or if it will retreat to the $25,000 support level.

Source: CoinMarketCap

At the time of writing, Bitcoin is trading at $ $27,083, down 1.16% in the last 24 hours as per data from CMC. If the price manages to go past the recent high of $27,460 the price is likely to rally further all the way till $28,000 resistance level.

On the other hand, if price goes below the key support level at $25,000 then a further decline to $22,000 is highly likely. There is a 99% chance that the FOMC will take a break at their next meeting today, according to the CME FedWatch Tool. Investors and traders are keenly watching the upcoming event to confirm the next move.

Share9Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post

CoinEx Gears Up to Restore Deposit and Withdrawals After $70 Million Hack

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Golden Chart Bitcoin: Understanding Key Patterns and Predictions for BTC

Golden Chart Bitcoin: Understanding Key Patterns and Predictions for BTC

11 months ago
Shibarium Mainnet Relaunched: BONE Price Surges 14%

Shibarium Mainnet Relaunched: BONE Price Surges 14%

2 years ago

Justin Bieber’s BAYC Investment Turns Sour as Paper Losses Mount to $1.24 Million in 18 Months

2 years ago
VanEck Predicts $180K Bitcoin Price Target for 2025, Says ‘No Technical Resistance’

VanEck Predicts $180K Bitcoin Price Target for 2025, Says ‘No Technical Resistance’

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Shiba Inu Price Prediction: SHIB Bounces 55% From Recent Crash – $1 SHIB Coming Next?

XRP’s beta to Bitcoin spikes 2.5x after $19B liquidation flush

BNB on Watch? China Renaissance Targets $600M for Massive US-Listed Treasury Vehicle

The Big Bitcoin Short: This guy made $200M timing Trump’s tariff post perfectly

South Koreans Poured $1.24B Into US Tech, Crypto During the Korean Thanksgiving

Hyperliquid Goes Permissionless with HIP-3 Challenging CEX — But Entry Costs 500,000 HYPE

Trending

Congress Won’t Pass A Funding Bill Until November, Majority of Polymarket Bettors Say
All news

Congress Won’t Pass A Funding Bill Until November, Majority of Polymarket Bettors Say

14.10.2025
0

The majority of Polymarket bettors predict that Congress won’t pass a spending bill until November, a new...

Crypto Price Prediction Today 13 October – XRP, Cardano, PENGU

Crypto Price Prediction Today 13 October – XRP, Cardano, PENGU

14.10.2025
Bitcoin Price Prediction: Trump, BlackRock, and Strategy Fuel Renewed Optimism as Bulls Target $122K

Bitcoin Price Prediction: Trump, BlackRock, and Strategy Fuel Renewed Optimism as Bulls Target $122K

14.10.2025
Shiba Inu Price Prediction: SHIB Bounces 55% From Recent Crash – $1 SHIB Coming Next?

Shiba Inu Price Prediction: SHIB Bounces 55% From Recent Crash – $1 SHIB Coming Next?

14.10.2025
XRP’s beta to Bitcoin spikes 2.5x after $19B liquidation flush

XRP’s beta to Bitcoin spikes 2.5x after $19B liquidation flush

13.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz