As Fed rates are cut, key BTC levels should be monitored

The key takeaways

• Fed Rate Interest Cut Odds This Week are Now Less Than 0.1%

• If key levels of support are breached, the BTC value could drop to as little as $92,000.

Bitcoin’s (BTCOn June 17, tensions in Middle East increased and the price of BTC failed to break above $110,000. BTC’s price is unable to rise above $112,000 since June 5.

Meeting of the Federal Open Market Committee set to take place In the coming days, there could be volatile market price movements toward BTC key price levels. On June 18, at 2.00pm ET, the policy will be decided on interest rates.

It’s 99.9% certain that the interest rate won’t go up.

CME estimates that there’s a 99.9% probability the interest rate will stay between 4.25%-4.50%. This leaves a mere 0.1% of a 0.25 % cut in rates. FedWatch tool.

Market participants, however, believe that the market has already factored in any negative price movement from an unchanged interest rate.

The market participants are now focused on the speech of Jerome Powell after the FOMC. Powell, the Federal Reserve and Powell’s role are under pressure from US President Donald Trump Interest rates are lower. 

Powell will be closely watched by the market at the FOMC’s press conference for any change in his tone.

“If Powell comes out dovish, that’s extra fuel for the bulls,” said Swissblock, a private wealth manager in a post published on X in June 17, said that a reduction in the geopolitical risks will lead to a rise in Bitcoin. “move fast, targeting bear liquidations.”

Swissblock’s managers have also noted that Bitcoin funding rates are now negative due to the intensification of Israel-Iran tensions, increasing the likelihood of an a “short-squeeze” If the story changes. 

“With negative funding, it’s the bears who are now overexposed, … and that opens the door for a potential squeeze.”

Polymarket has launched a new website. says Bitcoin is expected to drop by 42% in price between now and June 30, while a further 23% are expecting it to reach $100,000. new all-time highs above $115,000.

Bitcoin Price Levels to Watch

Bitcoin must flip the all-time high at $112,000 Support the price trend to keep it going. 

BTC/USD will need to first gain its previous position over the psychological $108,000 level. Last time, this level had been broken on 21 May when Bitcoin surged to all-time records. 

There is also a significant supply zone above that, ranging from $109,000-$110,500. This will be a challenge for the bulls.

The bears, on the other hand, will try to hold the $106,000 support in place. This increases the probability of the price falling. Between $104,000 (where the 50-day SMA is currently located) and the prior range lows reached at $102,800 on June 13, there are several key areas of interest. 

Under that level, the next movement would be the retesting of the psychological level $100,000, and the key levels below are the 100-day, 200-day, and SMAs, which sit at $95,800, and $94,600.

Related: Bitcoin price top metric with 10-year+ record stays ‘neutral’ at $112K

QCP, the crypto trading company, pointed out that Bitcoin’s price is resilient due to continued accumulation by institutions. Metaplanet The following are some examples of how to get started: Strategy The following are some examples of how to get started: spot Bitcoin ETFsThis is the seventh week in a row that has seen influxes. 

A note sent to investors by the company on 16 June stated:

“The market seems to have rediscovered its footing, particularly after BTC held above the key psychological threshold of $100k despite the initial shock.”

Binance BTC/USDT liquidity heatmap shows a large cluster of liquid assets near $112,000, the highest point.

Then, if you want to. $112,000 level is brokenIt could trigger a liquidity squeeze that would force short sellers to liquidate their positions, driving the price up towards $114,000 – the next significant liquidity cluster.

On the negative side, the bid order clusters are increasing around $100,000. The next largest cluster is located between $92,000 to $93,000. 

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.