NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000

Ronaldo Marquez
Ronaldo Marquez
1 year ago
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In a highly anticipated announcement for the overall cryptocurrency market and Bitcoin (BTC), the Federal Reserve (Fed) opted to maintain interest rates at their current level, ranging between 5.25% and 5.5%. 

The decision aligns with market expectations and signals a continuation of the Fed’s existing policy stance. While the interest rate decision had no immediate impact on Bitcoin’s price, cryptocurrency analysts anticipate a potential shift in market dynamics.

Analysts Predict Bitcoin Reversal Following Fed’s Decision

Bitcoin, the leading cryptocurrency in terms of market capitalization, has experienced a period of consolidation around the crucial $27,000 support level for the past two days. 

Despite the absence of significant price fluctuations immediately following the recent interest rate decision, market experts believe this stability could potentially signify the beginning of a trend reversal.

Related Reading

Ethereum Futures ETF

Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

2 years ago

Renowned cryptocurrency analyst Michael Van De Poppe shared his perspective on X (formerly Twitter), suggesting that the era of interest rate hikes may have reached its conclusion. 

Van De Poppe went on to indicate that Bitcoin is likely to embark on an upward trajectory from this juncture, noting the importance of exercising caution when interpreting price movements following major news events.

Van De Poppe’s remarks mirror the sentiment among BTC enthusiasts who anticipate the Federal Reserve’s decision to act as a catalyst for the cryptocurrency’s resurgence. 

The prevailing hope is that this decision could mark the end of the current market downtrend, paving the way for Bitcoin to reach new yearly highs before the conclusion of 2023.

BTC’s Historical Patterns Suggest Potential Bottom Formation

Crypto Con, a renowned crypto analyst provided insights into Bitcoin’s price movements, focusing on its historical patterns and the MVRV (Market Value to Realized Value) deviation bands. 

Bitcoin
BTC’s MRV deviation bands patterns. Source: Crypto Con on X.

Crypto Con’s analysis highlights the significance of BTC’s recent visit just below the green band, as seen in the chart above, drawing parallels to previous market cycles.

Drawing on historical data, Crypto Con notes that Bitcoin spent approximately 10 months hovering around the bottom purple and blue deviation bands before making its second visit just below the green band. 

In 2016, this particular pattern marked a local bottom, and in 2019, it would have done the same if not for unforeseen circumstances such as the black swan event.

Related Reading

Chainlink

Chainlink: Analyst’s Vision Of A 20% Rally And How It Could Happen

1 year ago

Comparing the duration spent at the bottom during the current cycle to that of 2015, Crypto Con highlights a striking similarity. This observation raises the question of whether the significant downside experienced in 2019 was a consequence of the massive price surge that preceded it, with Bitcoin even reaching the cycle top band.

The current value of the red band stands at $54,000, according to Crypto Con’s analysis. However, he assures that this value is subject to change as the market progresses toward “the endgame”. 

Bitcoin
BTC’s stagnation following the Fed’s rate hike pause. Source: BTCUSDT on TradingView.com

At present, Bitcoin is trading at $27,100, indicating no change in the 24-hour timeframe. As a result, the impact of the Federal Reserve’s decision on the cryptocurrency and the broader market in the short term remains uncertain.

Whether this news will have a positive effect shortly or prove beneficial for the remainder of the year is yet to be determined.

Featured image from iStock, chart from TradingView.com 

Tweet123Share196ShareSend
Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

cardano ada adausd (2)

Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

Cardano (ADA) fell roughly 27% this week, slipping below the $0.66 support as risk-off flows hit crypto. Bitcoin’s slide toward...

James Halver 5 hours ago

BTC將在76天內漲至25萬美元? Bitcoin Hyper 達成重大里程碑 預售融資突破2400萬美元

Fundstrat Global Advisors的管理合夥人兼研究主管Tom Lee再次重申他對比特幣(BTC)的強勢看法,表示比特幣在年底前仍有望衝擊25萬美元。 與此同時,市場對比特幣二層網路B...

newsbtc 5 hours ago
bitcoin

Bitcoin Cycle Score Turns Negative With Trend Below $106,780 – When Will The Correction End?

Bitcoin (BTC) continues to lose momentum, as the flagship cryptocurrency fell to $103,528 earlier today amid an increasingly uncertain global...

Ash Tiwari 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana, MATIC, Worldcoin, SUI

Analyst Warns Solana Price Risks Major Breakdown, Should Investors Worry?

Rubmar Garcia 40 minutes ago
Bitcoin Sentiment

Bitcoin Crashes To $105,000, Sentiment Sinks Into Extreme Fear

Keshav Verma 2 hours ago
Bitcoin

Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • Най-добрите крипто пресейлове защо се прогнозира Maxi Doge да нарасне 100x до 2026 г.

    Най-добрите крипто пресейлове...

    18 hours ago
  • ドージコイン 今後 の価格見通し:ETF期待とクジラ買い集めが示すブレイクアウトの兆し

    ドージコイン 今後...

    20 hours ago
  • リップル 今後の価格予測:5倍ETF申請で上昇に拍車か — 100ドル到達は目前?

    リップル...

    20 hours ago
  • 仮想通貨プレセール注目:2,390万ドルを突破した新世代ビットコイン系プロジェクト

    ...

    20 hours ago
  • 仮想通貨おすすめ:ソラナが500ドルへ?次に急騰が期待される新プロジェクト

    ...

    20 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.