Fed Skepticism Sends Bitcoin Surging Past $85K Sell Wall

The Federal Reserve's stance on interest rates has sent shockwaves through the cryptocurrency market, with Bitcoin clearing a significant sell wall at $85K.

According to commentator Ran Neuner, two key voices at the Fed are now leaning against an interest rate hike in October, a move that could pave the way for greater bullish sentiment in the crypto market.

Bitcoin's momentum shifted in a matter of hours, with buyers successfully clearing the $85K sell wall following a week of unsuccessful attempts.

The clearing of this psychological level suggests increasing bullish sentiment among traders, particularly in light of the Federal Reserve's apparent position against an interest rate hike.

While the broader crypto market remains mixed, Bitcoin's performance indicates a potential for further gains if positive sentiment continues.