Bitcoin Price Eyes Bullish Breakout as Fed Holds Rates Steady,
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CryptoQuant pointed to emerging tailwinds for BTC after the Fed’s June 18 policy meeting, where officials unanimously voted to pause further hikes.
Crypto Journalist
Amin Ayan
Crypto Journalist
Amin Ayan
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Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...
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Bitcoin could be preparing for a bullish breakout following the Federal Reserve’s decision to keep interest rates unchanged, according to a new report from onchain analytics firm CryptoQuant.
Key Takeaways:
Bitcoin is showing bullish signs as the Fed holds interest rates steady, historically a positive macro signal.
CryptoQuant highlights a divergence between stable BTC price and falling open interest, suggesting a healthy market reset.
Growing ask liquidity near $106K raises the potential for a short squeeze if momentum builds.
In a June 19 post, CryptoQuant pointed to emerging tailwinds for BTC after the Fed’s June 18 policy meeting, where officials unanimously voted to pause further hikes.
Historically, such pauses have benefited Bitcoin, and analysts believe 2025...
https://cryptonews.com/news/bitcoin-price-eyes-bullish-breakout-as-fed-holds-rates-steady-says-cryptoquant/
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