Bitcoin Price Prediction Ahead of July 28–29 FOMC Meeting

Bitcoin price hovered near $65,000 after consolidation, while traders assessed prospects for recovery this week. The BTC price increased by 5% in seven days, which enhanced momentum ahead of the Federal Reserve decision. 

After its recent surge, Ethereum price was close to $1,920, whereas XRP price was trading at $1.13. The next focus is on the July 28-29 FOMC meeting led by Federal Reserve Chairman Kevin Warsh. Policymakers will decide rates and provide guidance on the policy outlook for markets.

FOMC Meeting July 28–29: Markets Watch the Fed Rate Decision

The Federal Reserve’s next policy meeting is approaching, with CME FedWatch showing less than one week remaining.

The FOMC will meet on July 28 and July 29 to review interest rates and economic conditions. It is planned to issue a policy statement at 2:00 p.m. Eastern Time, July 29. The press conference will start at 2.30 p.m.

CME FedWatch tracks market expectations using prices from 30-Day Federal Funds futures.

The tool has been used to estimate potential rate changes prior to every meeting by traders. The decision will be monitored by the investors to give broader market indications.

Bitcoin ETFs Record Seven Straight Days of Inflows Since July 14

Bitcoin ETFs recorded seven consecutive trading days of inflows, marking their longest positive streak in nine months. Santiment recorded an entry of $981.2 million into the products since July 14, with Bitcoin briefly reaching $66,300.

The steady demand follows heavy withdrawals during May and June, suggesting confidence may be returning among institutional investors.

The same inflow streak happened again in November 2025 as Bitcoin was nearing its $126,000 record high. 

The existing momentum is not a sure way of another similar rise, although a trend of increasing ETFs might help push it to $70,000.  Such activity could indicate rising FOMO and increase the risk of a short-term market top. Investors will keep a check on the consistency of the inflows next week.

Bitcoin Price Prediction: Key Levels To Watch

The BTC price traded at $65,693, holding above the key $65,000 support on the four-hour chart. Bitcoin price remains below the $66,000 resistance after retreating from a recent peak near $66,700. 

The RSI has a value of 53, indicating neutral momentum that has cooled off following the stronger values.

Meanwhile, the CMF reading of 0.25 suggests capital inflows remain positive. This is an indication of ongoing purchase intentions despite the recent consolidation.

A confirmed break above $66,000 could open targets at $66,700 and $67,000 as per Detailed Bitcoin price analysis. Additional momentum can take the rally to $68,000.

However, losing $65,000 could expose the $64,000 support zone. Bitcoin price can also stay within the range till the buyers manage to close decisively above resistance.