1Bitcoin rose nearly two percent to approach $81,000 ahead of the Federal Reserve meeting.
2ZEC led major gains by jumping eight percent to recover above $1,300.
3Galaxy stated in a note that Bitcoin's bear market likely ended in June during sub-$58,000 trading.
4Galaxy points to the 50-week moving average and rising U.S. debt as factors supporting an accumulation phase.
5Traders are closely watching the upcoming Federal Reserve rate decision for potential policy signals.
Key takeaway
Cryptocurrency prices rebounded slightly as investors weighed macroeconomic factors and analyst predictions that a longer-term accumulation phase is underway.
Short-term impact (days–weeks)
● NEUTRAL
Prices may fluctuate in the days surrounding the Federal Reserve's rate decision.
Medium-term impact (1–3 months)
▲ BULLISH
Analyst expectations of an accumulation phase could support gradual upward momentum over the next few months.
Key risks
Potential unexpected interest rate hikes by the Federal Reserve could pressure risk assets.
Market volatility might continue if Bitcoin fails to hold key resistance levels like $82,500.
This page summarizes and analyzes publicly reported news. Read the full story at the original source. AI-generated analysis — not financial advice.