Bitcoin: Spot Buyers Signal Post-FOMC Rally

Bitcoin spot demand has stayed aggressive for days while perpetual futures absorbed heavy short hedges tied to FOMC, midterms and geopolitical risks, according to @CryptoMichNL.

With the FOMC delivering no rate hike, midterms proving a non-event, war risks already priced in and Friday options rolling over, the trader expects the pattern of post-FOMC rebounds to repeat and drive a sustained upward run starting tomorrow.

Price sits at $81298.58 inside the Bollinger band with the upper band at $81492.2 acting as immediate resistance and the lower band at $79433.64 marking short-term support; the 50-EMA at $81087.55 provides nearby structural support while the 200-EMA at $81720.77 caps the next extension. MACD has printed a bullish golden cross at 8.29 and RSI at 56 leaves room before overbought conditions, so a brief test of the upper band followed by a healthy pullback to the 50-EMA confluence looks probable before continuation higher.