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Home Blockchain

Bitcoin Price Prediction for Next 24 Hours Ahead of FOMC Meeting: Will BTC Drop After Powell’s Speech?

by DigestWire member
April 29, 2026
in Blockchain, Crypto Market, Cryptocurrency
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Bitcoin Price Prediction for Next 24 Hours Ahead of FOMC Meeting: Will BTC Drop After Powell’s Speech?
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Is Bitcoin Being Manipulated by Market Insiders

The post Bitcoin Price Prediction for Next 24 Hours Ahead of FOMC Meeting: Will BTC Drop After Powell’s Speech? appeared first on Coinpedia Fintech News

Bitcoin is heading into the Federal Reserve decision today with a stretched rally and weakening momentum, conditions that have historically triggered sharp post-FOMC sell-offs. After climbing more than 20% through April and reclaiming the $75,000–$79,000 range, BTC price action is now stalling just below key resistance near $80,000. This setup has played out repeatedly over the past year, where strong pre-event gains were followed by rapid declines within 48 hours. 

With Jerome Powell set to deliver his final policy speech today, markets are entering a high-volatility window, what comes next in the next 24 hours could define Bitcoin’s immediate trend.

Macro Setup: Fed Decision Priced In, Tone Becomes the Trigger

Going into today’s FOMC meeting, the rate decision itself is largely a non-event, markets are already positioned for a pause, shifting all attention toward Powell’s forward guidance.

🇺🇸 Today, Jerome Powell will deliver his last FOMC press conference as Federal Reserve Chair. pic.twitter.com/demmFPDfUg

— Watcher.Guru (@WatcherGuru) April 29, 2026

April’s rally was driven by expectations of policy easing later in 2026. However, macro conditions remain mixed. Inflation continues to show persistence, while elevated energy prices are limiting the Fed’s flexibility. This reinforces a “higher for longer” rate backdrop, which typically constrains risk-asset upside in the near term.

Moreover, sentiment positioning further reflects this balance. The Fear & Greed Index around 40 signals cautious optimism, far from euphoric conditions, but also not at levels that typically support aggressive accumulation. This leaves Bitcoin highly sensitive to messaging. A hawkish tilt could trigger a rapid unwind, while even a neutral tone may struggle to extend gains meaningfully.

Historical Pattern: Pre-Rally, Post-Event Pullback

Bitcoin’s behavior around FOMC meetings has been consistent and data-backed. Strong rallies leading into the event are often followed by downside reactions shortly after. Recent outcomes reinforce this structure:

  • January 2026: ~7–8% decline within 48 hours
  • March 2026: ~4% drop post-meeting
  • December 2025: ~8% decline
  • September 2025: ~4–5% pullback

Across the last nine meetings, eight have resulted in downside within two days, despite largely expected rate outcomes. The underlying mechanism is positioning. Gains are typically front-loaded as expectations build, and once the event passes, profit-taking and leverage unwinds dominate price action. With Bitcoin entering today’s decision after a strong April advance, the same pattern risk is elevated.

Institutional Signals: Strong Inflows, Now Losing Acceleration

Institutional participation was a primary driver of April’s rally. Spot Bitcoin ETFs recorded over $2.1 billion in net inflows across 8–9 consecutive sessions, pushing price higher and reinforcing bullish conviction. This period marked one of the strongest short-term accumulation phases in recent months.

BTC ETF data

However, that momentum is now showing signs of fatigue. Inflows have slowed, and intermittent outflows have started to appear, indicating that large participants are no longer adding aggressively at elevated levels.

Derivatives data adds another layer. Open interest has expanded alongside price, but without corresponding breakout continuation. This divergence typically reflects hedging activity and crowded positioning, rather than fresh directional conviction. 

BTC funding rate

Funding rates remain mixed, oscillating between positive and neutral territory, further confirming a lack of clear institutional bias. The implication is structural: institutions helped fuel the upside, but are now managing risk ahead of the event, leaving the market more vulnerable to volatility.

Bitcoin Price Analysis: April Rally Meets Resistance Wall

Bitcoin (BTC) April’s move from the $65K region to nearly $79K established a clean bullish structure, supported by higher lows and consistent volume expansion. As Bitcoin rice remains above both the 20-day and 50-day EMAs, with the faster average maintaining a lead, confirming trend alignment. However, momentum is now compressing beneath a critical resistance band.

Bitcoin price prediction

The $80K–$82K zone (R1) has capped multiple breakout attempts, with price repeatedly rejecting from this region. This behavior reflects supply absorption and short-term distribution, particularly ahead of a macro catalyst. On the downside, immediate support is located near $75K (S1), aligned with the rising trendline and recent consolidation base. A sustained break below this level would expose $72K–$70K, where the next significant demand cluster sits.

While the EMA structure remains bullish, slope momentum is flattening, indicating early-stage exhaustion rather than continuation strength. In current conditions, the structure favors a reaction-driven move, with downside risk increasing if support fails.

Next 24 Hours: Reaction Scenarios in Play

With positioning stretched and volatility compressed, the market is primed for a decisive move:

  • Hawkish tone: Downside acceleration toward $70K–$72K
  • Neutral tone: Range continuation between $75K–$79K with volatility spikes
  • Dovish surprise: Breakout above $80K opening $83K–$85K

With resistance intact and institutional momentum slowing, the setup favors a reaction-driven move. If Powell leans hawkish, downside could unfold quickly, making the next 24 hours critical in deciding whether this rally continues or resets.

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Bitcoin Price Prediction for Next 24 Hours Ahead of FOMC Meeting: Will BTC Drop After Powell’s Speech?

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April 29, 2026
0

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