Bitcoin Surges Past Expectations as Federal Reserve Hikes Interest Rates

The Federal Reserve has raised interest rates for the first time in three years, and Bitcoin surprised many by climbing $1,500 to $76,500 instead of falling. This move came as little surprise, given a strong US labor report and hawkish tone from Fed Chair Kevin Warsh.

Market analysts are now looking to Warsh's next speech for volatility. As long as BTC holds its current support at $73,800, the recovery stays intact, even if the price dips. This is according to Claude AI, which predicts Bitcoin's path for the rest of 2026 will unfold in three stages.

The first stage involves a test of $73,800 in the coming weeks. If BTC holds this support, the recovery remains intact. The next stage, in October, will be a battle for $82,300, which has already been rejected twice by Bitcoin this year. A break above it could open the way toward $98,300.