Cryptocurrency markets are trading sideways one day ahead of the Federal Reserve’s decision on interest rates.
Notable Statistics:
IntoTheBlock data shows Bitcoin’s large transaction and daily active addresses increased by 39.4% and 62.7%, respectively. Exchanges netflows narrowed by 362.8%. Coinglass data shows 165,599 traders were liquidated in the past 24 hours for $448.33 million.
Notable Developments:
Another Ethereum Treasury Play: 180 Life Sciences Raises $425 Million To Buy ETH Kuvi.ai Raises $700,000 Seed Round To Launch Private Beta Of Agentic Finance Operating System Ethereum Treasuries Could Soon Own 10% Of All ETH: Standard Chartered Chinese Bitcoin Mining Tech Producer Bitmain Is Betting Big On America — But Why? Take Note XRP Traders: This Leveraged ETF Is ‘Designed To Be Traded Each Day’ Trump’s Bitcoin Reserve Just ‘Legitimized It’ — Coinbase CEO Brian Armstrong Says G20 Nations Now Rushing To Build Their Own BTC Stockpiles
Trader Notes: Bitcoin Therapist outlined two key scenarios for Bitcoin:
Gradual Climb: Bitcoin slowly trends higher with small pullbacks, ultimately reaching $180,000-$200,000. Violent Repricing: A sudden breakout as 18 months of paper BTC accumulation resolves, sending prices soaring to $350,000-$400,000.
Roman, however, urged caution.
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He noted that while Bitcoin often consolidates before continuing upward, current weekly timeframe signals tell a different story. A pullback as the more likely near-term outcome, bearish divergences and overly bullish sentiment
Kevin echoed that caution, emphasizing this is a pivotal macro week with the FOMC and key economic data on deck.
He warned that Total2, the altcoin market cap, is at significant resistance and Bitcoin is pressing against the $120,000-$123,000 resistance while remaining below the weekly RSI downtrend.
Crypto Lord added that Bitcoin’s tight consolidation just beneath all-time high after a powerful impulse suggests the top may be close. He advises traders to stay sharp, as upside could be limited before a possible reversal or major correction.
Read Next:
FOMC Meeting Preview: Will Jerome Powell Accelerate The Bitcoin, Ethereum, XRP Bull Run?
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