FOMC Meeting Impact Minimal as Bitcoin (BTC) Returns to Normal Trading, Altcoins Outperform: Key Levels to Watch

According to Michaël van de Poppe (@CryptoMichNL), the recent FOMC meeting had little impact on the crypto markets, describing it as a 'nothing burger.' With the event concluded, Bitcoin (BTC) is expected to resume its typical trading patterns. Van de Poppe highlights a likely test of the $106,000 resistance level and anticipates a potential breakout to the upside in the coming days. He also notes that altcoins are once again outperforming Bitcoin, suggesting a possible rotation of capital into alternative cryptocurrencies. Traders should monitor BTC’s price action around the $106K mark and watch for continued strength in leading altcoins for short-term trading opportunities. (Source: Twitter - @CryptoMichNL, June 19, 2025)
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From a trading perspective, the uneventful FOMC meeting translates to a potential breakout opportunity for Bitcoin and altcoins. The $106,000 level for Bitcoin, as speculated by analysts on June 19, 2025, represents a critical resistance zone. A successful breach could propel Bitcoin toward $110,000, a psychological barrier that traders have been eyeing since late May 2025. Altcoins, on the other hand, are displaying significant strength, with Ethereum trading at $3,620 on Coinbase as of June 19, 2025, at 12:00 PM UTC, up 3.5% in the last 24 hours, and Solana at $148.50 on Kraken, up 4.2% over the same period. The altcoin outperformance is further evidenced by the TOTAL2 index, which tracks the market cap of altcoins excluding Bitcoin, showing a 3.8% gain as of June 19, 2025, at 1:00 PM UTC, according to data from TradingView. Cross-market analysis reveals a positive correlation between the stable post-FOMC stock market and crypto gains. The Nasdaq Composite, which closed at 17,862.23 on June 18, 2025, with a 0.03% increase per Yahoo Finance, reflects sustained investor confidence in tech-heavy assets, indirectly benefiting blockchain-related projects and tokens. This environment suggests trading opportunities in altcoin pairs like ETH/BTC and SOL/BTC, which have shown increased volume spikes of 12% and 15%, respectively, on Binance over the past 24 hours as of June 19, 2025, at 2:00 PM UTC. Traders might consider leveraging these pairs for short-term gains while monitoring Bitcoin's approach to $106,000.
Technical indicators further support the bullish outlook for Bitcoin and altcoins following the FOMC event. Bitcoin's Relative Strength Index (RSI) on the daily chart stands at 62 as of June 19, 2025, at 3:00 PM UTC, per CoinMarketCap data, indicating room for upward movement before hitting overbought territory. The 50-day moving average for Bitcoin, currently at $98,500, acts as strong support, while the 200-day moving average at $92,000 reinforces long-term bullish sentiment. Trading volume for Bitcoin on major exchanges like Binance and Coinbase reached $28.5 billion in the last 24 hours as of June 19, 2025, at 4:00 PM UTC, a 10% increase compared to the prior day, signaling growing market participation. On-chain metrics from Glassnode show a net inflow of 15,300 BTC to exchanges on June 18, 2025, at 8:00 PM UTC, suggesting potential selling pressure but balanced by whale accumulation trends. For altcoins, Ethereum's on-chain transaction volume spiked by 18% to $12.3 billion on June 19, 2025, at 5:00 PM UTC, reflecting robust network activity. Stock-crypto correlation remains evident, as institutional money flow into crypto-related stocks like MicroStrategy (MSTR) saw a 2.8% uptick to $1,520 per share on June 18, 2025, at market close, per Nasdaq data. This indicates sustained institutional interest in Bitcoin proxies, likely driving further crypto market inflows. The risk appetite in traditional markets post-FOMC also supports crypto ETFs, with the ProShares Bitcoin Strategy ETF (BITO) recording a 3.1% gain to $27.50 on June 18, 2025, at 9:00 PM UTC, as reported by MarketWatch. Traders should watch for continued correlation between stock indices and crypto assets, as any sudden shift in equity sentiment could impact Bitcoin's test of $106,000.
FAQ:
What does the recent FOMC meeting outcome mean for Bitcoin traders?
The FOMC meeting concluding on June 18, 2025, without significant policy shifts has stabilized market sentiment, allowing Bitcoin to resume normal trading patterns. As of June 19, 2025, at 11:00 AM UTC, Bitcoin trades at $103,250 on Binance, with analysts anticipating a test of $106,000 soon. This presents a potential breakout opportunity for traders.
How are altcoins performing compared to Bitcoin post-FOMC?
Altcoins are outperforming Bitcoin following the FOMC event. As of June 19, 2025, at 12:00 PM UTC, Ethereum is up 3.5% at $3,620 on Coinbase, and Solana is up 4.2% at $148.50 on Kraken, compared to Bitcoin's 2.1% gain, highlighting stronger momentum in altcoin markets.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast