BTC Reacts to Fed Rate Hike: Analysts Split on Next Steps
Bitcoin's price reacted to the US Federal Reserve's interest rate hike by briefly dropping below $75,000 before recovering to around $76,400.
The Fed raised its target range to 3.75%-4% in a widely expected move.
Analysts are divided on what comes next for Bitcoin's price, with some seeing the rate hike as an isolated event and others preparing for another sell-off.
Doctor Profit believes that Bitcoin's bottom is already in at $57,000 and sees no reason to sell, while Ali Martinez is prepared for a further drop to around $71,200, which could be a potential accumulation zone.
The bigger issue now is whether the rate hike is an isolated move or the start of another tightening cycle, with the Fed's latest projections pointing to at least one more hike in 2026.