In partnership with

What we will talk about today...

Bitcoin Rallies Past $105K as Fed Holds Rates Steady

Bitcoin surged past $105,000 following the Federal Reserve’s decision to maintain interest rates. Institutional demand and ETF inflows contribute to bullish momentum, while analysts predict a potential breakout towards $125,000.

• Main Points:

  • Bitcoin rose 2.5% in 24 hours, hitting $105,563 on Jan. 30.

  • Fed kept rates at 4.25%-4.5%, aligning with market expectations.

  • Short liquidations hit $43.37M, fueling price momentum.

  • Spot Bitcoin ETFs attracted $4.3B in new capital over 10 days.

  • Technical analysis suggests a potential move toward $125,000.

• Detailed Insights:

  • Market Reaction: Bitcoin initially dropped but rebounded as Fed Chair Powell reassured markets.

  • Liquidation Impact: Short sellers forced to buy back BTC, driving prices higher.

  • ETF Inflows: Consistent institutional investments signal growing confidence in Bitcoin.

  • Technical Pattern: A cup-and-handle formation indicates a bullish breakout.

  • Resistance Levels: BTC needs to break $107,000 to enter price discovery.

  • Analyst Predictions: If momentum holds, BTC could hit a new all-time high.

Related: Bitcoin Awaits FOMC Decision Amid $103K Price Consolidation

Receive Honest News Today

Join over 4 million Americans who start their day with 1440 – your daily digest for unbiased, fact-centric news. From politics to sports, we cover it all by analyzing over 100 sources. Our concise, 5-minute read lands in your inbox each morning at no cost. Experience news without the noise; let 1440 help you make up your own mind. Sign up now and invite your friends and family to be part of the informed.

Sign up today!

Just Clicking The Link Helps Us Continue
For Free Forever

WHAT WE RECOMMEND😉

To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You

Just Clicking The Subscribe Button Helps Us Continue
For Free Forever

Bitcoin Pushes Higher: $108K in Sight Amid Market Optimism

Bitcoin has surged past key resistance levels, rebounding strongly from recent macroeconomic uncertainty and the DeepSeek dip. Traders are increasingly optimistic about a breakout beyond $108,000 in the coming weeks.

• Main Points:

  • Bitcoin’s Breakout: BTC hit $105,563, a six-day high, erasing losses from DeepSeek’s impact.

  • Altcoin Divergence: While BTC gained 2.3% in the past week, major altcoins lagged.

  • Market Resilience: BTC shrugged off hawkish FOMC signals and maintained momentum.

  • Liquidity Shift: Sell-side liquidity near $104K has been absorbed, with new targets near $107K.

  • Technical Strength: Stochastic and RSI indicators show room for growth beyond $108K.

• Detailed Insights:

  • Bitcoin’s surge to $105,563 marks a full recovery from its recent decline, reinforcing bullish sentiment.

  • Altcoins failed to follow BTC’s lead, highlighting its strength as the dominant asset.

  • Traders predict price discovery in February, fueled by Bitcoin’s resilience against macroeconomic pressures.

  • FOMC’s decision to hold interest rates steady was initially seen as a setback but did not deter Bitcoin’s upward momentum.

  • Market liquidity dynamics show key resistance at $108K, with indicators signaling further upside potential.

Related: Bitcoin Faces Volatility Amid DeepSeek AI Disruption

With strong technical indicators and renewed trader confidence, Bitcoin could soon enter new all-time high territory.

Powell’s Crypto Stance: Encouragement or Subtle Warning?

Despite Fed Chair Jerome Powell stating that banks can serve crypto clients, FOX Business journalist Eleanor Terrett suggests his remarks subtly discourage them. Powell’s shifting stance and regulatory pressures raise questions about the future of crypto banking.

• Main Points:

  • Powell’s Statement: Banks can serve crypto customers if they understand the risks.

  • Subtle Warning? A banking source interprets Powell’s remarks as discouraging crypto services.

  • Regulatory Hurdles: Banks want to engage with crypto but face increasing regulatory difficulty.

  • Changing Tone: Powell recently likened Bitcoin to gold but acknowledged its volatility.

  • Fed’s Limits: The central bank is legally prohibited from owning Bitcoin without congressional approval.

  • Market Impact: Bitcoin surged past $105K as the Fed paused rate cuts.

• Detailed Insights:

  • Powell’s comments at the FOMC meeting acknowledged banks' ability to serve crypto clients.

  • A banking source claims Powell’s tone implies banks should proceed at their own risk.

  • Regulatory uncertainty continues to deter banks from fully embracing crypto.

  • Powell’s evolving stance contrasts with prior skepticism about Bitcoin’s role.

  • Legal barriers prevent the Fed from holding Bitcoin without legislative changes.

  • The Fed’s rate pause contributed to Bitcoin’s recent price surge beyond $105K.

Related: Bitcoin’s Drop Below $75K Unlikely Before April, Says Analyst

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results