Bitcoin Price Prediction Today: Will the Fed Decision Fuel a BTC Rally or Disappoint?
Key Takeaways
- Bitcoin is currently trading at around $92,410.12, with a 2.2% increase in the past 24 hours.
- If the upcoming Fed decision does not disappoint the crypto natives, BTC is likely to break above $94k resistance zone and rise to $97k and above, fueling a short rally.
- A rate cut with a hawkish outlook for 2026 may cause prices to plunge to $86k or below.
- Analysts are divided on the effects of the upcoming Fed decision, as some argue that the traders have already priced in the rate cuts, while others caution that a hawkish tone for the upcoming year might result in profit-taking.
- The investors are advised to remain cautious and be open to high volatility and associated risks due to the dynamic nature of the crypto market.
Bitcoin’s Current Market Scenario: How is BTC Faring Now?
Bitcoin is currently trading at around $92,410.12, with a 2.2% increase in the past 24 hours. The market cap touched $1.84 trillion. Fear & Greed Index reading of 26 suggests that investors are cautious. However, the index is showing improvements from its previous extreme fear status. Besides, the volatility remains high, and overall market sentiment continues to be bearish.
- Fear & Greed Index: 26 (Fear)
- Market Sentiment: Bearish
- Supply Inflation: 0.86% (Low)
- Dominance: 58.54%.
- Volatility: 5.90% (High)
Bitcoin Price Prediction Today
If the upcoming Fed decision does not disappoint the crypto investors, BTC is likely to break above $94k resistance zone and rise to $97k and above, fueling a short rally. A rate cut with a hawkish outlook for 2026 may cause prices to plunge to $86k or below.
Bitcoin Price Prediction Tomorrow, & This Week
As for the upcoming week, the price of Bitcoin is projected to stay within a range of $87k to $94k if the market remains devoid of any strong market stimulus.
| Date | Day of week | Daily Low | Daily High | Average |
|---|---|---|---|---|
| 11/12 | Thursday | $92,345.47 | $92,409.1 | $92,377.29 |
| 12/12 | Friday | $89,512.47 | $91,021.46 | $90,266.97 |
| 13/12 | Saturday | $88,619.07 | $90,364.48 | $89,491.78 |
| 14/12 | Sunday | $87,430.34 | $91,834.51 | $89,632.43 |
| 15/12 | Monday | $89,323.06 | $92,361.66 | $90,842.36 |
| 16/12 | Tuesday | $89,211.06 | $94,663.5 | $91,937.28 |
| 17/12 | Wednesday | $91,687.06 | $92,843.21 | $92,265.14 |
Market Outlook: Technical Indicators, ETF Flows & Macro Trends
The price trajectory of Bitcoin is shaped by many factors, including technical indicators, institutional activities, and prevailing macroeconomic conditions. The following section explores some key developments that are shaping the price of Bitcoin.
Technical Indicators Suggest a Muted Momentum
Bitcoin is trading above the 10-day Exponential Moving Average and Simple Moving Average. Even so, the price is below the 200-day Simple Moving Average. The 14-day Relative Strength Index (RSI) reading of 50 suggests that a bullish momentum may be building, but it is yet to gain a strong footing. The MACD is showing a bullish crossover, further strengthening the shift towards bullish sentiments. But the price of BTC has been hovering around $89k to 90k in the past few days, with $87k as support and $94k as the key resistance. The 94k remains as a strong resistance; overcoming it, the BTC may retest $97k soon.
ETF Inflows Show Increased Demand
According to SoSoValue, the U.S BTC spot Exchange Traded Funds (ETFs) have recorded a net inflow of $151.74 million yesterday, December 9. The Fidelity Wise Origin Bitcoin Fund ( CBOE: FBTC) is the chart topper with $198.85 million. The ETF inflows indicate an enhanced demand for BTC.
Macroeconomic Factors: All Eyes on FOMC
The investors are closely watching for the upcoming Federal Open Market Committee (FOMC) meeting. Analysts are divided on the effects on the anticipated rate, as some of them argue that the traders have already priced in the 25 basis point rate cuts, and hence a price surge is unlikely. While others caution that a rate cut with a hawkish tone for the upcoming year might result in profit-taking. The crypto experts are not ruling out the possibility of a price plunge due to “buy the rumor, sell the news.” That being said, Fed rate cuts usually create a bullish impact, especially in the riskier markets, such as crypto.
The Bottom Line: What’s Ahead for BTC?
The investors are closely watching whether Bitcoin can stage a year-end rally. Historically, December is not a strong month for crypto. But the investors are closely watching whether the prevailing macro trends could cause a departure from the past. Even so, the investors are advised to remain cautious and be open to high volatility and associated risks.
Disclaimer: The above crypto price forecasts are based on predictive modeling and should not be considered financial advice.
Also Read: Standard Chartered Delays $500K Bitcoin Target, Revises Long-Term Outlook
Crypto & Blockchain Expert