• Analyst Mags predicted that Bitcoin might attain $155,600 primarily based on the Fibonacci extension.
• The FOMC’s choice is that the bottom case will likely be diminished by 25bps charge, leading to volatility.
• The $116,000 resistance is a vital stage that Bitcoin should regain for contemporary advantages.

Crypto Analyst Mags (@thescalpingpro) predicts that Bitcoin can rise to $155,600 utilizing the Fibonacci extension stage.

In line with Mags, Bitcoin reverses the 1.618 extension to help, aiming for a 2.618 stage, which coincides with the $155,600 zone.

Associated: Tom Lee says Bitcoin and Ethereum can see “monster motion” after Fed charge discount

BTC has consolidated over $116,000 after touching $124,100 in mid-August. With the enlargement targets being performed firmly, Bitcoin has grown by greater than 4% final week, buying and selling at $116,843.03, in accordance with CoinMarketCap information.

FOMC Loom: Impartial Steerage vs. Bullian Bias

In line with SwissBlock, the upcoming FOMC assembly is without doubt one of the most anticipated macro occasions of the yr. The S&P 500 is pushing to an all-time excessive, whereas Bitcoin exhibits indicators of separation from shares.

SwissBlock warned {that a} “promote information” response is feasible, however added that BTC is unlikely to be bearish.

As a substitute, the more than likely final result is that the market will likely be adjusted to a charge discount of 25bps with impartial steering, so it is going to proceed to maneuver extra volatility and upwards to satisfy extra expectations presently priced.

$116,000 Resistance: Key Breakout Stage

Bitfinex analysts mentioned within the report that $116,000 is a important resistance that Bitcoin should recapture earlier than it resumes its uptrend.

After peaking at $124,100 in August, the momentum has slowed, with many consumers lately now underwater within the $108,000-$116,000 vary.

A breakout over $116,000 might reinvigorate bullish feelings, validating Mags’ Fibonacci-based targets of $155,600. Till then, ranges will stay on the ceiling to cut back the momentum of the rise.

Accumulation surge: $3.4 billion added in BTC

Cryptoquant’s on-chain information creates bullish footage. A couple of hours earlier than the Fed’s charge choice, 29,685 BTC ($3.4 billion) flowed to the second largest every day inflow of 2025, the buildup deal with.

This brings the entire BTC held on the accumulation deal with to 2.84 million, with a median price base of $72,437. This transfer exhibits sturdy confidence amongst long-term holders, even within the face of macro uncertainty.

Associated: Bitcoin (BTC) value forecast for September seventeenth