Bitcoin's price has stabilized in a range of $100,000 to $110,000 since the start of the new US presidency, showing consolidation after a recent 3.78% rise on January 21. Analyst Krillin posits that this sideways movement may continue until the Federal Open Market Committee (FOMC) meeting on January 28-29, given the projection of steady interest rates. Concerns linger about a potential market downturn if no rate cuts are announced. Current projections show a 99.5% likelihood of rates remaining unchanged at 4.25%-4.5%. However, if the Fed hints at Quantitative Easing (QE), it could spark a rally in risk assets. The US national debt has reached $36.21 trillion, necessitating a debt ceiling increase, which suggests possible future QE measures. Despite expectations for aggressive bullish activity after surpassing $100,000, recent data shows a significant drop in the movement of Bitcoin at that price level, indicating reduced sell-side pressure. Analysts believe Bitcoin could still reach $150,000 if it remains within key technical channels, suggesting a possibility of market recovery in the coming weeks.

Source 🔗