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Watch Bitcoin price levels leading to Fed Chair Powell’s speech


Key Takeaways:

  • The Fed Interest-Rate Cut ODDs for now is now 100%.

  • BTC prices can rise at all times high if the main resistance level of $ 118,000 is damaged.

Bitcoin (Btc) rose to a four -week high over $ 117,000 on Wednesday, as entrepreneurs expect price volatility swings before and after the federal policy decision on interest rate cuts.

100% chance of a reduction in interest rate

There is a 96% chance of a 25 bps cut at the Sept. 17 FOMC, with 4% probability of rates reduced by 50 bps, according to CME Fedwatch tool.

Target target probabilities for the Sept. 17 FOMC. Source: CME Group

Polymarkets better have also have locked in A 25 bps drops to 93% for today’s FOMC meeting, with odds for a 50 bps cuts to 5%.

Related: Bitcoin stuck to $ 116k resistance to ‘definitely -reclaim,’ says Bitfinex

ODDs from both the CME Fedwatch and Polymarket build for a three-cut path to the end of the year.

However, some commentators in the market have said that any deepest price action from the interest rate cuts is Priced at.

Businessmen have turned their focus on the US Fed Chair’s speech Jerome Powell after the FOMC meeting. Powell, who has been Under pressure from US President Donald Trump To lower interest rates, previously hinted at the cuts in interestsays existing inflation and the situation in the labor market warranted adjustment.

Therefore, the market is diligently watching Powell’s language at the FOMC news conference to see if there is any shift in the tone.

“The markets are locked in FOMC Wednesday, with 25 bps cut priced at,” Says Private wealth manager Swissblock in a Post of Tuesday at X, adding that entrepreneurs will focus on “Powell’s SANCE under the spotlight for hints.”

Swissblock managers also pointed out that either way, volatility is guaranteed, adding:

“The Bitcoin risk index will guide if the BTC’s bullish structure holds or if a sell-off looms on the horizon.”

Bitcoin Risk Index. Source: Swissblock

Meanwhile, Bitcoin’s analyst Alphabtc said BTC prices can rise to $ 118,000 on Wednesday before the reference after the FOMC’s decision was confirmed.

Where next for BTC prices?

Should Flip Resistance to $ 118,000 in support To continue its uprising towards all times high and eventually to discover the price.

“Bitcoin maintains a slowly grinding higher, which now drives 116.5k-118k resistance area,” Says Crypto analyst Jelle on an X post on Wednesday, adding:

“Break 118k and handle on top of it, and new hours highs will follow.”

BTC/USD four -hour chart. Source: Jelle

Data from Cointelegraph Markets Pro and Tradingview BTC prices are shown to “attack” the resistance between $ 117,500 and $ 118,500, which is a great sign, according to MN Capital founder Michael Van de Poppe.

“Pretty usually it ran before a fall.”

Van de Poppe’s review suggested that if the resistance around $ 118,000 was taken, it could trigger a run-up moving towards $ 120,000 and eventually to All-Time Highs at $ 124,500.

On the downside, a major area of ​​interest lies between $ 116,800 and $ 114,500, a scope that is the price held between Sept. 10 and Sept. 16.

Below, the next move will be a retest of $ 112,000 psychological level, which is also the 100-day simple transfer of average.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.