Bitcoin Holds $75K After the Fed — Is $80K Next?
Bitcoin ( BINANCE:BTCUSDT ) experienced sharp volatility after the Federal Funds Rate was released at 4.00%, in line with expectations, followed by remarks from Kevin Warsh.
Unlike gold and U.S. stock indices—particularly the S&P 500—Bitcoin has so far managed to hold inside its Support Zone and avoid a similarly sharp decline.
Can BTC defend $75,000 and turn this relative strength into another move toward $80,000?
Macro Outlook
Nearly $1 billion in long positions could be liquidated around $74,860, making this an important downside liquidity area to monitor.
Bitcoin could also remain sensitive to developments in the Middle East, movements in the S&P 500, and gold price action.
Technical Analysis
Bitcoin is currently trading inside the Support Zone and near Cumulative Long Liquidation Leverage($74,680-$73,800).
A valid Golden Cross has also formed between the 50_SMA(Daily) and 200_SMA(Daily), which could support the broader bullish structure.
💡 Educational Note: A Golden Cross forms when a shorter-term moving average crosses above a longer-term moving average and is generally considered a bullish trend signal, although price confirmation remains important.
From an Elliott Wave perspective, Bitcoin’s structure over the past 12 days appears more corrective than impulsively bearish, suggesting that another bullish move could develop.
I expect Bitcoin to move higher over the coming hours.
If BTC breaks above the key trading level of $77,280, further upside could develop toward $78,370 and eventually the Cumulative Short Liquidation Leverage.
As long as Bitcoin remains above $73,500, the bullish scenario remains valid.
Trade Setup
First Take Profit(TP): $76,990
Second Take Profit(TP): $78,370
Third Take Profit(TP): Cumulative Short Liquidation Leverage($80,700-$79,800)
Stop Loss(SL): $73,500(Worst)
Key Trading Level: $77,280
New CME Gap: $79,270-$79,110
Do you think Bitcoin can hold above $75,000?
🟢 Yes
🔴 No
📌 Bitcoin Analysis(BTCUSDT), 1-hour time frame.
🛑 Always use proper risk management and set a Stop Loss(SL) for every position.
🚀 If this analysis helps your trading plan, a BOOST would help more traders discover it.
TITradingView Ideas1h ago