Bitcoin Price Expected to Range Between $100,000 and $110,000 Until FOMC Meeting

Bitcoin (BTC) recovered from a flash crash to $89,256, reaching an all-time high (ATH) of $108,786 on January 20. However, analysts suggest further price movement may be limited until the Federal Open Market Committee (FOMC) meeting.

Market Analysis

BTC has risen over 50% since November, moving from around $67,000 to $104,536.
Analyst Krillin expects BTC to remain in the $100,000 to $110,000 range until the FOMC meeting.
CME FedWatch tool indicates a 99.5% chance the US Federal Reserve will not cut interest rates at the upcoming meeting.
Krillin anticipates a market downturn post-meeting due to a hawkish stance, potentially offset by dovish signals regarding future quantitative easing (QE).
Profit-taking on BTC has decreased by 93% from December’s peak, with long-term holders accumulating positions again.
Capital inflows into digital assets dropped sharply from $134 billion on December 10 to $43.37 billion, increasing liquidity risks.

Future Outlook

Some analysts predict BTC could hit its cycle peak in Q2 2025 as institutional adoption increases under favorable regulations.
Analyst Dave The Wave forecasts a potential peak in summer 2025, with Bitfinex predicting BTC could reach $200,000 by mid-2025.
BTC needs to maintain above $100,000; failure could see it drop to $97,500.
Current trading price is $104,536, reflecting a 1.4% increase in the last 24 hours.

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