Bitcoin Price Forecast Ahead Of FOMC
BTC/USD, commonly known as Bitcoin Dollar or the digital gold pair, represents Bitcoin priced against the US dollar and remains one of the most active crypto forex instruments. In today’s BTC/USD fundamental analysis, traders are focused on major USD catalysts, including Building Permits, Housing Starts, Durable Goods Orders, Trade in Goods, Wholesale Inventories, EIA Crude Oil Inventories, and the FOMC rate decision, statement, and press conference. Strong US data or hawkish Fed commentary could support the dollar and pressure Bitcoin, while weaker data or dovish signals may improve risk appetite and support BTC/USD price action. These releases are especially important for the BTC/USD daily chart technical and fundamental analysis outlook because Bitcoin often reacts sharply to interest rate expectations, liquidity sentiment, and US dollar volatility. Overall, today’s macro calendar may create high volatility and shape the next short-term BTC/USD market direction.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h
On the BTC/USD H4 chart technical analysis, price has been moving within a broader bullish trajectory, with regular corrections following each upward push. The latest candles suggest the correction phase may be ending, as price is attempting to stabilize near the 0 Fibonacci zone around 76062 and resume bullish continuation. Based on the Fibonacci extension levels, 0.236 near 79287 and 0.382 near 81282 could act as potential upside targets and resistance zones where BTC/USD may face struggle. The Stochastic (14,1,3) at 18.43 and 16.61 shows the market is near oversold territory, supporting the possibility of renewed buying pressure. Meanwhile, the RSI (14) at 43.23 remains below neutral but is not deeply bearish, suggesting momentum could recover if buyers defend current support. Overall, BTC/USD price action analysis remains cautiously bullish, with confirmation needed above nearby resistance.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
