Bitcoin (BTC) is showing impressive resilience ahead of this week’s Federal Open Market Committee (FOMC) meeting, with analysts suggesting that the recent consolidation could set the stage for another breakout.
The world’s largest cryptocurrency is currently trading at $114,488, with a 4.6% gain over the past seven days, and a market capitalization of $2.28 trillion, according to CoinMarketCap data.
Bitcoin Consolidates After Breakout
Market strategist Michaël van de Poppe shared a bullish outlook, noting that Bitcoin’s latest pullback appears to be a healthy retest following a strong breakout earlier in the month. According to his chart analysis, the asset is currently stabilizing just above key support levels, suggesting that buyers are defending the recent gains before a potential continuation to the upside.
So far, so good on #Bitcoin.
It’s nicely holding up here and doing a slight retest after this strong breakout.
That’s normal, pre-FOMC.
I would assume that we’re bottoming here today and that we start the uptrend in the remainder of the week. pic.twitter.com/3JUthOLDeW
— Michaël van de Poppe (@CryptoMichNL) October 28, 2025
Van de Poppe indicated that Bitcoin’s structure remains intact despite minor retracements, which are typical ahead of major macroeconomic events like the FOMC decision. He believes the current setup points to a market bottom forming, paving the way for renewed upward momentum later this week.
“Bitcoin seems to be completing its retest phase before the next leg up,” he explained, highlighting a scenario where the price could rebound from the current zone and head toward the next resistance area above $118,000–$120,000 if bullish sentiment strengthens.
FOMC Anticipation Keeps Traders Cautious
The crypto market is treading carefully ahead of the Federal Reserve’s policy statement, which could influence risk assets globally. Investors are closely watching whether the Fed will maintain its current stance or signal the start of another rate cut cycle.
Historically, periods of macro uncertainty have led to short-term volatility for Bitcoin, but this time, sentiment remains notably optimistic. The strengthening BTC-to-gold ratio and increasing inflows into spot Bitcoin ETFs are reinforcing the view that Bitcoin could soon regain upward momentum if macro conditions remain favorable.
Technical Landscape and Market Sentiment
The chart shared by Van de Poppe shows a clear bullish setup: Bitcoin is hovering above a previously broken resistance zone that now acts as strong support. Volume data also suggests accumulation at current levels, hinting that major buyers are positioning ahead of the next move.
If Bitcoin holds above $113,000, traders expect renewed momentum targeting a retest of the $120,000 region. A break above that range could confirm a broader trend continuation toward the next major psychological milestone near $125,000.
Meanwhile, short-term traders remain alert for volatility spikes around the FOMC announcement, as liquidity thins out before major economic updates.
Market Outlook
Despite short-term caution, analysts agree that Bitcoin’s broader uptrend remains intact. The asset has maintained a steady climb over the past week, outperforming most altcoins and solidifying its dominance in the market.
If the FOMC outcome aligns with investor expectations, Bitcoin could see renewed buying pressure by the end of the week — potentially marking the beginning of another leg in its ongoing bull phase.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/bitcoin-maintains-strength-as-fomc-looms-analysts-turn-bullish/