Bitcoin (BTC) Price Forecast: Will BTC Surpass $64,850 Ahead of FOMC Meeting Induced Volatility?

1. Bitcoin trades near $64,047, approaching key resistance at $64,850 linked to the 50-day EMA and daily VWAP Newsworthy Reliable Neutral
2. Bitcoin has failed twice to break above $64,850, creating vulnerability for short-term trend rejection Newsworthy Reliable Negative
3. Federal Reserve's FOMC meeting on July 28-29 introduces uncertainty, with inflation concerns and interest rate path unclear Newsworthy Reliable Neutral
4. Support zone between $63,100 and $63,700 shows bullish reversal signals with RSI divergence and bullish MACD crossover Relevant Reliable Positive
5. Key support levels include $63,335 near the 200-week SMA and critical invalidation level at $62,471 Relevant Reliable Neutral
6. Bitcoin faces broader resistance between $66,000 and $67,200 on four-hour chart, limiting recovery momentum Relevant Reliable Negative
7. Technical indicators currently neutral to bearish with RSI near 49, ADX low at 18, and mixed moving average signals Relevant Reliable Neutral
8. Bitcoin's ability to surpass $64,850 before the FOMC meeting may determine whether market gains momentum or remains range-bound Newsworthy Reliable Neutral

Type: standard news · Analysis confidence: 95%

Used in syntheses

• MARA CEO says bitcoin payments declining as price nears $66K but faces resistance • Spot ETFs see $465M outflows • Long-term holders retain nearly 15M BTC • $15M pledged for bitcoin security • Massachusetts Senate moves to ban crypto ATMs