Latest Update
7/29/2026 7:54:00 AM

Bitcoin: Solid Bounce Ahead of FOMC

Bitcoin: Solid Bounce Ahead of FOMC

Bitcoin bounces at $64365.89 after South Korean wick low as FOMC prices extreme fear, supporting upward rally with neutral RSI and bullish MACD.

Source

Analysis

Bitcoin delivered a solid bounce at $64365.89 after South Korean equity markets printed a massive wick that marked the local low. Michaël van de Poppe expects $NQ and BTC to advance into tonight’s FOMC decision, where markets already price extreme fear. Bitcoin technical analysis shows price trading inside the Bollinger Bands with upper resistance at $65665.11; the neutral RSI at 50.08 combined with the MACD golden cross points to a probable retracement toward the EMA50 support at $64513.28 before continuation. This setup supports positive BTC price prediction ahead of FOMC impact on Bitcoin and refined Bitcoin technical analysis.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast