Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto

Bitcoin price has remained steady above $113,000 as the crypto market shows signs of a brief cooldown. Investors are cautious ahead of the U.S. Federal Reserve’s policy decision and Chair Jerome Powell’s expected post-meeting comments.

BTC has traded flat in recent days, stuck below the $115,000 mark with minimal volatility in the broader crypto market. Ethereum remains stable around $4,000, while Solana, XRP, BNB, and Dogecoin have also posted slight dips. Markets await direction following the Federal Open Market Committee’s outcome.

FOMC Day: Markets Await Powell’s Guidance

The Federal Reserve will likely declare a 25-basis-point cut in the rate today, which is in line with the overall market expectations. This reduction alone may not have a substantial impact on markets, but in the short-term volatility may come up as traders make changes on leveraged positions. However, the highlight will be what the Chair Jerome Powell says after the meeting, as investors will seek some indicators regarding the policy perspective of the Fed. A further reduction of rates is already discounted in December, with markets giving it a success likelihood of over 95.

🚨 Today is FOMC day.

The Fed is expected to cut rates by another 25bps (0.25%).

This in itself should not impact markets besides the usual whipsaw taking out some low timeframe overleveraged positions.

What matters is what Powell says afterwards. Another rate cut is priced in… pic.twitter.com/v583C6ePBF

— Daan Crypto Trades (@DaanCrypto) October 29, 2025

There is a shift of attention to the possibility of altering the balance sheet policy of the Fed. The investors are looking forward to being told tips regarding if and when Quantitative Tightening (QT) will cease, and the possibility of another wave of Quantitative Easing (QE) to come by 2026. Powell can afford not to validate a QE time scale just yet, but his tone will be paramount on QT. Any sign of a softening of policy may enhance crypto markets by enhancing liquidity and investor confidence.

Bitcoin Funding Rates Signal Market Recovery

The Bitcoin funding rates on Binance have now been positive, creating a spark of speculation regarding a possible market surge. The metric has not fallen below zero since October 22, 2025, which means that traders are more certain and that it will tend to move towards bullish momentum in both spot and derivatives markets.

This positive funding rate, as analysts indicate, is a sign of renewed optimism in the revival of Bitcoin. The long-term support indicates sustained long positions, which point to the higher price expectations of the traders in the future. Bitcoin is approaching the support level, and many believe this is a good indication that a new upward trend is possibly being established.

Bitcoin Holds Steady as Bulls Eye $115K Resistance

As of the 29th, the BTC price traded at $113,292, showing modest strength after a period of sideways movement. 

The price of Bitcoin has been oscillating between the zones of support in the range of $110,000 and the resistance in the range of $115,000, and the buyers are trying to recover momentum following the volatility.

The Relative Strength Index (RSI) is around 51, which is an indicator of a neutral level. The Chaikin Money Flow (CMF) of 0.07 indicates that the market accumulation is mild.

On the technical side, the consolidation between $110K and $115K forms a short-term range. Breaking out above $115K solidly may continue the BTC price prediction up to $120,000, with more serious resistance anticipated. On the other hand, the lack of success in holding of the $110K floor can result in further retracement to the level of $108,000.