Some traders expect a Bitcoin price surge as the January FOMC meeting nears. Bitcoin hovers around $96,794 in a narrow range. Recent market volatility and certain crypto market trends hint at an upcoming move, as roughly half of traders keep watch.

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How the FOMC Meeting and Market Volatility Could Influence Bitcoin’s Price Surge

Technical Analysis Points to Imminent Breakout

10x Research head Markus Thielen expects movement before the January 29 FOMC meeting. “Bitcoin trades within a narrowing triangle, signaling a breakout is imminent — likely no later than the January 29 FOMC meeting,” Thielen said on January 14. About half of crypto market trends follow wider economic shifts.

Federal Reserve’s Stance and Market Impact

The FOMC plans its first rate choice of 2025 soon. Some measures of market volatility point up. Bitfinex noted on January 13 that this was “one of the most hawkish stances from the Fed in recent months.” Many traders think the next Bitcoin price surge depends on Fed choices.

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Price Action and Presidential Transition

Markets wobble as Trump’s inauguration draws closer. Around 38.3% of CME FedWatch users see no rate cuts through June 2025. Lark Davis noted, “Bitcoin is repeating similar price action as the last presidential election and inauguration,” looking at old patterns.

Consumer Price Index and Market Expectations

Most traders watch inflation data closely. Thielen suggests lower inflation might spark a Bitcoin price surge. “From a trading perspective, the best approach is to follow the breakout, regardless of direction,” he said. Several cryptocurrency forecast models predict sideways trading until March.

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