Bitcoin Awaits Fed Meeting for Next Move
Bitcoin (BTC) is trading near the top of its price range at $115,046, just below the key resistance level of $116,000. Traders are waiting for the results of the U.S. Federal Reserve meeting on September 17, which could decide Bitcoin’s next big move.
- If BTC breaks above $116,000, it could rise further, possibly toward $120,000–$125,000.
- If it fails, Bitcoin may fall back to the $107,000–$108,000 support area.
Reports show short-term holders are taking profits of about $189 million per day, creating extra selling pressure. This makes the Fed’s policy statement even more important for Bitcoin’s direction.
What Analysts Say
- Shawn Young (MEXC): A dovish Fed (more money printing or rate cuts) could push BTC higher. But cautious Fed messaging might cause a drop back near $107,000.
- Fabian Dori (Sygnum Bank): The economy shows mixed signals — weak jobs data points to cuts, but inflation near 3% could make the Fed careful.
- Farzam Ehsani (VALR): For BTC to reach $120,000+, the Fed needs to support more liquidity. Without it, Bitcoin might retest $100,000–$105,000.
Other Key Points
- Bitcoin ETFs attracted $2.3 billion last week, showing strong institutional interest.
- However, BTC is still underperforming compared to gold and stocks, as investors remain cautious.
Bottom Line
Bitcoin’s next move depends heavily on the Fed’s tone:
- Aggressive easing → higher prices.
- Cautious approach → possible drop or sideways trading.
