Crypto Analyst Mags (@thescalpingpro) predicts that Bitcoin can rise to $155,600 utilizing the Fibonacci extension degree.
In response to Mags, Bitcoin reverses the 1.618 extension to assist, aiming for a 2.618 degree, which coincides with the $155,600 zone.
Associated: Tom Lee says Bitcoin and Ethereum can see “monster motion” after Fed price discount
BTC has consolidated over $116,000 after touching $124,100 in mid-August. With the enlargement targets being performed firmly, Bitcoin has grown by greater than 4% final week, buying and selling at $116,843.03, in keeping with CoinMarketCap knowledge.
FOMC Loom: Impartial Steering vs. Bullian Bias
In response to SwissBlock, the upcoming FOMC assembly is without doubt one of the most anticipated macro occasions of the 12 months. The S&P 500 is pushing to an all-time excessive, whereas Bitcoin exhibits indicators of separation from shares.
Too many warped bullishness in tomorrow's FOMC.
Doable pathways are excessive over the medium time period, however volatility will increase as expectations are re-ricked for extra impartial FREBs.
Base case: 25bp reduce, however I'm most excited in regards to the impartial steering and the very dub tone. https://t.co/z90ppfykcq
– September 16, 2025
SwissBlock warned {that a} “promote information” response is feasible, however added that BTC is unlikely to be bearish.
As a substitute, the almost certainly consequence is that the market shall be adjusted to a price discount of 25bps with impartial steering, so it would proceed to maneuver extra volatility and upwards to fulfill extra expectations at the moment priced.
$116,000 Resistance: Key Breakout Stage
Bitfinex analysts mentioned within the report that $116,000 is a crucial resistance that Bitcoin should recapture earlier than it resumes its uptrend.
After peaking at $124,100 in August, the momentum has slowed, with many patrons nowadays now underwater within the $108,000-$116,000 vary.
A breakout over $116,000 may reinvigorate bullish feelings, validating Mags' Fibonacci-based targets of $155,600. Till then, ranges will stay on the ceiling to scale back the momentum of the rise.
Accumulation surge: $3.4 billion added in BTC
Cryptoquant's on-chain knowledge creates bullish footage. Just a few hours earlier than the Fed's price choice, 29,685 BTC ($3.4 billion) flowed to the second largest day by day inflow of 2025, the buildup deal with.
This brings the entire BTC held on the accumulation deal with to 2.84 million, with a mean value base of $72,437. This transfer exhibits sturdy confidence amongst long-term holders, even within the face of macro uncertainty.
Associated: Bitcoin (BTC) worth forecast for September seventeenth
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