Bitcoin Slips to $115.5K Ahead of Fed Rate Decision.
Bitcoin slips to $115.5K as markets remain cautious ahead of the Federal Reserve’s rate decision.
FUNDAMENTAL OVERVIEW:
C Bitcoin edged lower on Tuesday, pausing its recent recovery as traders turned cautious ahead of this week’s U.S. Federal Reserve interest rate decision.
Optimism over a potential 25 basis point cut had fueled gains in Bitcoin earlier, but uncertainty around the Fed’s policy outlook kept sentiment fragile. Markets are firmly focused on the September 16–17 meeting, where expectations overwhelmingly point to a quarter-point rate reduction.
However, the central bank’s stance on further easing remains unclear, as officials have refrained from committing to additional cuts. Persistent inflation pressures—exacerbated by elevated U.S. trade tariffs—continue to be a key concern for policymakers.
Even so, prospects of lower rates have lifted risk-sensitive assets, with Wall Street indexes hitting record highs in recent sessions. In contrast, cryptocurrencies broadly pulled back alongside Bitcoin on Tuesday, as investors stayed wary ahead of the Fed’s decision.
BTC/USD TECHNICAL ANALYSIS DAILY CHART:
Technical Overview:
BTC/USD is trading within an up channel.
BTC/USD is moving above 20&50 Moving Averages (SMA).
The Relative Strength Index (RSI) is in the Buying Zone, while the Stochastic oscillator suggests a Neutral trend.
Immediate Resistance level: 116867
Immediate support level: 113343
HOW TO TRADE BITCOIN
BTC/USD slipped below its support level but swiftly attracted strong buying demand, fuelling a sharp rebound. The rally briefly pushed prices above a key resistance area. Currently, the pair is facing rejection from the upside, suggesting a possible pullback or retracement toward the support zone. If this level holds and prices stay above it, the uptrend could resume.
