Bitcoin is facing a rough patch as market swings pick up following the latest Fed meeting. As of writing, it’s trading at about $109,474, down 0.42% in the past day, with around $66.5 billion worth of trading volume in 24 hours. The broader crypto market also cooled, with the global cap slipping to $3.68 trillion, down 1.04% in 24 hours.
Crypto analyst Ted warned that Bitcoin’s correction might extend further, possibly retesting the $100,000 level. “$BTC dropped nearly 6.5% after the FOMC meeting,” he wrote on X. “I already warned you before, so I hope you didn’t get too greedy.
This correction could go a bit longer with a possible retest of $100,000.” He added that after each correction, Bitcoin tends to hit new all-time highs — suggesting a potential rebound once the pullback stabilizes.
Repeated Corrections Define Bitcoin’s Pattern
Ted’s chart shows that Bitcoin has been going through a familiar cycle of quick dips and recoveries. Since mid-June, it’s pulled back four times — each drop falling between 6% and 8%. The first one hit in mid-June with a 7.89% slide, then another in late July at 6.18%. In mid-September, it fell 7.94%, and the most recent drop in late October was around 6.42%.
‘The sustainability of Bitcoin’s market momentum will depend on a follow-through on both the macro policy front and growing market demand,” Farzam Ehsani, CEO of VALR, told The CryptoTimes. “A confirmed and signed trade truce, combined with dovish Fed signals, could solidify the ongoing foundation being laid for a new market leg higher.”
Even with these ups and downs, Bitcoin keeps bouncing back to higher levels after every dip. This indicates that the market is still robust and not about to experience a significant decline. It also demonstrates that despite brief declines in price, investors continue to have faith in Bitcoin.
Market Turmoil Deepens After Fed’s Decision
The latest Fed meeting on October 28-29 sent ripples through the market. The interest rate cut was small, by 0.25%, marking a second cut this year. This move, however, proved to have been well-anticipated by many investors, and it hasn’t given markets much hope. In fact, Fed Chair Jerome Powell’s measured comments left traders uncertain about what is next.
Powell noted that a December rate cut is “not guaranteed,” highlighting divisions within the Fed. This stance caused both Bitcoin and U.S. equities to fall as investors reassessed liquidity expectations.
Concerns about the market were exacerbated by international tensions. Despite a “trade truce” between the United States and China, investors were on edge due to disputes over Taiwan and news of more nuclear testing. Consequently, a lot of traders stayed cautious and avoided placing high-risk wagers.
Institutional Moves and Optimism Persist
Meanwhile, Coinbase added 2,772 more Bitcoin to its reserves in the third quarter, showing that big players still believe in the asset. CEO Brian Armstrong confirmed the move, saying Bitcoin remains a key part of the company’s long-term strategy.
While speaking on a recent CNBC interview, Strategy’s Michael Saylor shared the same optimism about Bitcoin’s future. He predicted Bitcoin could reach $150,000 by the end of 2025. This week, Saylor also announced that his company, Strategy, received its first S&P credit rating of B-minus — a milestone for Bitcoin-based corporate treasuries. “It represents institutional adoption of Bitcoin-backed credit,” he noted, stating that this opens new doors for large-scale capital inflows.
“The next technical milestone to overcome sits at the $116,000-$117,000 range, with potential upside targets in the $126,000 – $130,000 range by the year’s end,” Ehsani, added, “However, without the broader participation of retail buyers and a resurgence in ETF inflows, the current rally may remain structurally dependent on whales and institutional desks — leaving it vulnerable to sudden profit-taking if the macro narrative falters.”
Bitcoin’s slide toward $100K looks more like a healthy cooldown than a major crash. The global economy is still shaky, but big investors keep showing confidence — a sign that Bitcoin’s long-term climb isn’t over yet.
Also Read: Strategy Posts $2.8B Q3 Profit as Saylor Expands Bitcoin Push
