Bitcoin Stalls at $89K — But a Bounce Could Be Brewing

Bitcoin is moving sideways near $89,000 after the U.S. Federal Reserve kept interest rates unchanged at 3.5%–3.75%, easing pressure on risk assets. The decision calmed markets and gave crypto room to breathe after BTC’s recent pullback.

Technically, Bitcoin found support at the lower end of its trend channel, where selling pressure faded and buyers stepped in. Price has since reclaimed the Point of Control (POC)—a key volume level—shifting short-term momentum back toward bulls and hinting this move may be more than a quick relief bounce.

On the macro side, steady rates make cash and bonds less attractive, often softening the dollar. A flatter USD typically favors Bitcoin, as investors look for alternative stores of value. Adding to the bullish case, derivatives open interest is rising, suggesting fresh positions are being opened near support—often a sign of growing conviction.

Bottom line: Bitcoin is consolidating, not collapsing. If BTC holds above reclaimed support, the setup favors a short-term recovery rally, though failure to hold could quickly revive downside risk. Keep eyes on support and volume—this range won’t last forever. 📈#BTC