- Bitcoin’s recent price surge has reached a three-week high, but its sustainability is uncertain due to the upcoming Fed meeting and potential rate cut.
- The market is highly volatile, with some analysts predicting a continued upward trend and others believing the recent spike is a result of manipulation.
- Investors must stay informed and adapt to the changing market landscape to make informed decisions and navigate the cryptocurrency market.
Bitcoin prices went up dramatically, in fact, the price of BTC reached a three-week high of $92,626.96, on Tuesday, as per TradingView. This recovery has attracted a large number of traders to the market who are now very optimistic about the price going up. But this impulsive buying has already backed off, thus there is a sea of analysts anxiously waiting for the next move to be revealed by the market.
Bitcoin Price Action: Bearish Reaction Zone & Channel Break Analysis
This chart is displaying the present situation of Bitcoin. The value is approximately $94,921, but the graph is actually indicating a small drop by -0.23%. The price is going up in a channel, but the top area has a bearish order block between $94,614 to $96,882, thus the price is bouncing off the bearish reaction zone.
In addition, it depicts that BTC has gone through a SL hunt to the downside, thereby sweeping liquidity and finding local support. Actually, the immediate bias is turning to be positive as the price is starting the “2026 Grind” to the next higher structural resistance.
Also Read: Bitcoin ETFs Struggle with $60.4M Outflow While Altcoin ETFs Soar
Bitcoin Quarterly Return Heatmap
The table represents Bitcoin’s quarterly returns for each year from 2010 until 2025 visually illustrating the yearly performance through the four quarters (Q1, Q2, Q3, Q4) and a Total column that aggregates the annual results.
The overall average total return (662.32 %) is a good indication of how Bitcoin has been a highly volatile yet potentially very rewarding asset over the entire period. To put it simply, the visual that is the chart helps you understand in which quarters of the year Bitcoin was more likely to skyrocket or plummet, thus aiding you in detecting patterns or getting ready for price fluctuations.
Also Read: Bitcoin Push: Twenty One Capital Goes Public on NYSE With Massive BTC Treasury
BTC Performance Chart Says
What the chart is telling us is that the price of Bitcoin has gone up by 0.43% during the last 4 hours, 3.48% during the last 24 hours, and 1.42% during the last 7 days. Nevertheless, it has been decreasing by 11.53% during the last 30 days, 18.71% during the last 90 days, and 12.54% during the last 180 days.
But this is the fact, it is just 0.84% down since the beginning of the year and 4.92% down over the last 12 months. Moreover, if we consider the long term, the price of Bitcoin has increased by 149.82 million percent from the very first time.
Also Read: Retail Bitcoin Activity Crashes to Historic Lows as Binance Inflows Collapse Over 60%
Is the Fed Meeting the Killjoy of the Party?
It is suggested by some analysts that the recent jump would definitely lose its strength once the Fed Gathering is there on the Wednesday. The Federal Reserve will be announcing its interest rate decision with the most likely scenario of a 0.25% rate cut.
However, it would be crypto markets including bitcoin that would react negatively if the Fed gives a “no” to future rate cuts. The CME futures prediction market estimates the probability of rate cut by another quarter-point in January at 21.6%.
Also Read: PNC Bank Unveils Spot Bitcoin Access With Coinbase Crypto Trading Services
