{"id":20836,"date":"2026-01-28T17:02:20","date_gmt":"2026-01-28T17:02:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-bitcoin-price-reclaim-90k-ahead-of-fed-rate-decision-today\/"},"modified":"2026-01-28T17:02:25","modified_gmt":"2026-01-28T17:02:25","slug":"can-bitcoin-price-reclaim-90k-ahead-of-fed-rate-decision-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-bitcoin-price-reclaim-90k-ahead-of-fed-rate-decision-today\/","title":{"rendered":"Can Bitcoin price reclaim $90K ahead of Fed rate decision today?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin rebounded on Wednesday morning as the crypto market rose higher and the U.S. dollar remained under pressure ahead of a closely watched Federal Reserve decision later today.<\/p>\n<div id=\"cn-block-summary-block_804a26b3a5ae80be2532a64046ac3b81\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price is close to reclaiming the $90k support level.<\/li>\n<li>The Fed is widely expected to hold interest rates in today\u2019s meeting.<\/li>\n<li>Bitcoin price action has formed a bullish setup on the 4-hour chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Bitcoin (BTC) rose from its Tuesday low of $87,315 and stabilized around $89,310 at press time.<\/p>\n<p>The bellwether\u2019s move was followed by other large-cap cryptocurrencies, including Ethereum (ETH), BNB (BNB), XRP (XRP), and Solana (SOL), with gains ranging from 1% to 3%. This helped lift the broader crypto market up by 1.3% in the past 24 hours to $3.1 trillion at press time. These measured moves mean investors are waiting for clearer signals before re-engaging with the market.<\/p>\n<p>Bitcoin price has remained in a downtrend since Jan. 15.<\/p>\n<p>Recent tariff threats from U.S. President Donald Trump against Canada for pursuing a free trade deal with China have led to a weakening of the U.S. dollar, which fell to its lowest level since early 2022.\u00a0<\/p>\n<p>This triggered strong rallies in precious metals such as gold and silver, which clocked new highs this week, but at the cost of capital rotation away from the crypto market.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>According to the latest data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/santimentfeed\/status\/2015922427105038532\" target=\"_blank\" rel=\"nofollow\">Santiment<\/a> on X, social media chatter is currently favoring gold and silver over cryptocurrency.\u00a0<\/p>\n<p>Against this backdrop, the two top dollar-pegged stablecoins, Tether (USDT) and USD Coin (USDC), have fallen to their lowest level since Nov. 20, with the decline being the steepest in the past 10 days.\u00a0<\/p>\n<p>Liquidity was moving out of the crypto market at a time when U.S.-listed spot Bitcoin exchange-traded funds were already witnessing steady outflows. The lack of buying demand ultimately led to Bitcoin losing the $90,000 support level.<\/p>\n<h1 class=\"wp-block-heading\">Will Bitcoin price go up after Fed rate decision?<\/h1>\n<p>It is evident that traders are cautious ahead of the Fed rate decision scheduled for 2:00 PM ET.\u00a0<\/p>\n<p>The market largely expects the Federal Reserve to hold interest rates steady within its current target range of 3.50% to 3.75% in the Fed\u2019s latest policy meeting as it assesses the impact of the three cuts made in late 2025.\u00a0<\/p>\n<p>According to the CME FedWatch <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" rel=\"nofollow\">tool<\/a>, the odds of no change at today\u2019s meeting are over 97%.\u00a0<\/p>\n<p>Since the market has largely anticipated the Fed\u2019s latest move, a steady rate decision is likely to reinforce bullish sentiment for risk assets, including Bitcoin. Traders typically pivot toward a risk-on stance when the Fed signals a cut or holds rates steady.<\/p>\n<p>On the other hand, if the Fed signals a hawkish stance, it could trigger a reset, with crypto prices dropping as investors realize they were overly optimistic.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price analysis<\/h2>\n<p>On the 4-hour chart, Bitcoin price appears to be moving within an ascending parallel channel pattern, a formation that suggests an asset\u2019s price will continue to rise as long as it remains in it.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price has formed an ascending channel pattern on the daily chart \u2014 Jan. 28 | Source: crypto.news<\/figcaption><\/figure>\n<p>Momentum indicators such as the MACD have pointed upward after a bullish crossover, a telltale sign that the rally still has enough momentum to continue before facing a pullback.<\/p>\n<p>Meanwhile, the Relative Strength Index has also formed a bullish divergence, which may be taken as another buy signal.<\/p>\n<p>Hence, the Bitcoin price has a high chance of reclaiming the $90,000 support soon, likely ahead of today\u2019s FOMC meeting. <\/p>\n<p>A decisive breakout from this channel, which also marks its 50-day SMA, could trigger more aggressive buying positioning BTC for more upside.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rebounded on Wednesday morning as the crypto market rose higher and the U.S. dollar remained under pressure ahead of a closely watched Federal Reserve decision later today. Summary Bitcoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20836"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20836\/revisions"}],"predecessor-version":[{"id":20837,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20836\/revisions\/20837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15641"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}