BTC USD Braces For Fed: What do Retail Sales MoM reveal for FOMC?
BY
Ben Graham
|
By using this site, you agree to our Terms of Use of Use and Privacy Policy
Everyone is expecting BTC USD to pump after the rate cuts. You know what that means. This is the start of figuring out if
BTC ▲0.79% can add another $3 Tn in market cap to bring the price of Bitcoin to 200k USD in 2025.
Currently, BTC is just above $115,000, heading into one of the most important macro weeks of the year.
With the Federal Reserve’s policy meeting set for September 17, let’s talk about the odds that BTC USD breaks new ATHs or crashes below $100,000
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
BTC USD Range-Bound Ahead of Fed Decision: Are Fed Rate Cuts Enough For $150,000?
As of press time, Bitcoin traded at $115,046, slipping 0.2% in the past 24 hours. 99Bitcoins TA reveals that BTC must decisively clear $116,000 to confirm momentum toward the $120,000–$125,000 range. Failure to break out leaves the door open for a retest of $107,500 support.
On-chain data showed short-term holders realizing $189 million in daily profits last week, a factor that adds near-term selling pressure.
According to the CME FedWatch tool, markets are pricing in a 96% chance of a 25-basis-point rate cut. Moreover, if Jerome Powell delivers a dovish Fed tone, it could send Bitcoin surging past $120,000 as capital rotates out of bonds and into risk assets.
Regardless, it’s a Catch-22 for the Fed, as they’re staring down weaker labor data that supports cuts, but sticky inflation near 3% complicates the Fed’s path forward.
Bitcoin has been stuck in a wide “air gap” trading range between $108,000 and $116,000 since August.
Clearing resistance at $116K could open the way for a stronger recovery for it and other top cryptocurrencies, while repeated rejections risk dragging BTC toward $105K.
DISCOVER: Top 20 Crypto to Buy in 2025
A Divided Fed, A Divided Market: Here’s What Powell Needs to Say at FOMC
ETF flows and treasury demand suggest institutions are preparing for a bullish resolution from the Fed. Spot Bitcoin ETFs logged $2.3 billion in inflows last week, the highest in months, signaling aggressive positioning ahead of the Fed meeting.
Additionally, CoinGlass data shows that Bitcoin open interest is held by a firm.
One more metric of interest: According to the latest Census Bureau data, US retail sales rose +0.5% in July, in line with forecasts. June’s figure was revised higher to +0.9%. The report, which tracks changes in retail spending excluding food services, is closely watched as a barometer of consumer demand and overall economic strength.
For Bitcoin, we need to see a dovish Fed ,and continued ETF inflows could set up a breakout toward $125K and beyond. But if Powell is too cautious in his rhetoric, we may see BTC trapped between $107K and $115K, waiting for the next catalyst.
EXPLORE: Did Dogecoin ETF Just Change Everything For Meme Coins?
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
The post BTC USD Braces For Fed: What do Retail Sales MoM reveal for FOMC? appeared first on 99Bitcoins.