FOMC Rate Cut Could Push Bitcoin Past $123K
FOMC rate cut expectations are actually driving Bitcoin toward the critical $123K resistance level right now as the Federal Reserve prepares its September 17 policy announcement. The FOMC meeting today could trigger significant FOMC bitcoin impact, and analysts are mapping precise price targets around the anticipated 25 basis point cut. Current FOMC news suggests Bitcoin’s path to $123K depends on maintaining support above key technical levels during today’s FOMC decision. FOMC Bitcoin Impact: Meeting Today, News & Market Reaction Guide Source: Bankrate Critical FOMC Price Levels for Bitcoin Bitcoin is currently trading between $114,600 and $117,100 as the FOMC meeting approaches. According to Glassnode Analysis , Bitcoin continues to respect short-term holder cost basis bands, with failure to hold 1-month and 3-month realized price levels potentially signaling momentum loss ahead of the FOMC announcement. Risk indicator chart showing Bitcoin realized price by short-term age...