Bitcoin, Ethereum, XRP, Dogecoin Hold Ahead Of Projected Fed Rate Cut

Benzinga

Bitcoin hovered near $92k ahead of the Fed decision as sentiment improved following SEC approval of Bitwise’s multi-asset ETP. Analysts said BTC is targeting a long-term trajectory toward six-figure highs, with key breakout levels at $93.5k, $96.5k, and $101k.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Bitcoin traded near $92,000 as traders waited for tomorrow's Fed decision

00:07and leaned toward a rate cut, according to Benzinga.

00:10Broader sentiment improved after the SEC approved Bitwise's new multi-asset crypto ETP.

00:16Bernstein said Bitcoin no longer follows the four-year cycle and is now on a long-term path

00:21toward higher highs with targets of $150,000 in 2026, $200,000 in 2027,

00:27and $1 million in 2033.

00:30Wrecked Capital set a daily close above $93,500 with a retest as support would confirm a breakout.

00:38Bitcoin has historically rallied after a 12-month close above this level

00:42and with the current year set to finish above it, the likelihood of further gains remains high.

00:48Science said Bitcoin is making a fourth attempt to reclaim the yearly open

00:52and is now approaching two key resistance levels at $96,500 and $101,000.

00:58The latter figure serves as his final take-profit target.

01:01For all things money, visit Benzinga.com.

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