While the downward trend in Bitcoin and altcoins continues, all eyes are on the critical FED interest rate decision tomorrow. While the general expectation is that the FED will leave interest rates unchanged tomorrow, FED Chairman Jerome Powell's verbal statements are expected to have an impact on BTC and altcoins. Are Surprises Expected from the FED? Evaluating the FED's decision and the impact of Powell's statements on the cryptocurrency market, QCP Capital analysts said they did not expect a surprise in terms of the FED cutting interest rates tomorrow. However, analysts said a positive signal and dovish comments from Powell could trigger a relief rally. Conversely, a hawkish stance that signals tighter policy and slower rate cuts could pressure Bitcoin and lead to more significant losses in altcoins. “While we don’t expect a surprise cut this Wednesday, any moderate signals from Powell could be the catalyst that ignites upward momentum. Israel’s renewed offensive on Gaza following a temporary ceasefire has pushed gold above $3,000, while BTC continues to show a negative correlation. Capital may be moving out of Trump-driven momentum trades like NASDAQ and Bitcoin and into long-ignored markets in Europe and China. Historically, crypto prices have lagged behind changes in global liquidity conditions. With possible Fed support and fresh stimulus injections from Europe and China, BTC could see a renewed rally after this correction.” These Two Levels May Be Seen in Bitcoin Tomorrow! Ryan Lee, chief analyst at Bitget Research, said that Bitcoin remains in a tight range, with $75,000 or $90,000 being two possible options depending on how investors react to the US interest rate decision. Lee stated that $75,000 and $90,000 in BTC are equally likely after the FED decision. *This is not investment advice. Continue Reading: How Will the FED Interest Rate Decision Affect Bitcoin (BTC) and Altcoins? Are Surprises Expected? Analysts Announced Their Expectations, Pointed to Two Levels!
