Bitcoin Steadies Above $115K as Traders Await Fed Rate Decision
Bitcoin (BTC) is holding firm above $115,000 after climbing past its 50-day simple moving average (SMA) — a widely watched technical threshold that often signals the start of short-term bullish momentum.
The move comes as traders brace for this week’s Federal Reserve meeting, where markets broadly expect a rate cut, and as optimism around renewed U.S.–China trade dialogue continues to lift sentiment across risk assets.
On the technical front, momentum indicators are showing improvement. The MACD histogram has printed a bullish crossover, while the 5-day and 10-day moving averages have aligned in a similar pattern, reinforcing the near-term upward bias.
Still, broader trend signals remain cautious. The CoinDesk Bitcoin Trend Indicator (BTI) continues to show a bearish reading, reflecting that BTC’s longer-term momentum has yet to flip decisively higher. The cryptocurrency also remains below the daily Ichimoku cloud, a key resistance zone that has constrained prior rallies.
A confirmed breakout above that cloud could shift market structure and open the door to a potential run toward $120,000, analysts say. Until that level is cleared, however, bitcoin’s latest advance looks more like a stabilizing move within a broader consolidation phase than the start of a full-fledged rally.
