The crypto market is feeling bullish with anticipation as all eyes turn to the FOMC meeting. Federal Reserve Chair Jerome Powell and his rate cuts statements will ignite a pump across the market, especially Bitcoin and altcoins. The crypto community is betting on a future rate cut, predicting a Bitcoin pump.
Adding fuel to the fire, a massive $368 million short position with 40x leverage has grabbed headlines, hinting at market makers possibly orchestrating a shakeout. Yet, the crypto community remains bullish, viewing this as a nothing burger.
With macroeconomic winds shifting and Powell’s speech looming, the stage is set for an explosive week in the crypto market.
Why I think next week will be bullish for #crypto:
FOMC meeting (March 18-19): No rate cuts expected, but Powell's speech could be dovish, hinting at future cuts
CPI data: Inflation came in lower than expected, signaling a slowdown
Dovish speech = Bullish for crypto 🔥🔥🔥 https://t.co/xYQCx3N1dB
— Obez (@ObezX_) March 15, 2025
FOMC Meeting: Jerome Powell Bullish on Crypto
Usually, good statements by Powell are a blessing for the crypto market. If he hints at easing monetary policy or future rate cuts, risk tolerance will fly, pushing Bitcoin past its critical $83,000, a level of resilience. Traders have been noting that even a slight softening in Powell’s tone will send markets into a frenzy.
Keep an eye on next week's FOMC meeting! No rate cuts expected, but Jerome Powell’s speech could impact markets. A dovish tone might boost Bitcoin. Meanwhile, altcoins just had a golden cross—historically, this signals a potential massive pump!
— Austin Zaback (@AustinZaback) March 15, 2025
The $368 million short, opened at $84,043 per Bitcoin, will be liquidated if BTC pumps above $85,592, a threshold that bulls are eager to breach. This high-stakes play also can be viewed as market makers testing the waters, flushing out weaker hands before a rally. Analysts see this as a golden opportunity, predicting a squeeze that will catapult prices higher as shorts scramble to cover.
Furthermore, market sentiment is assisted by recent CPI data, with inflation cooling faster than expected. This strengthens the case for a better for-the-market Fed stance, as lower inflation pressures reduce the need for aggressive rate hikes. Eventually, this will pave the way for a risk-on environment, where Bitcoin and altcoins thrive, with the potential of a golden cross rally.
The general economic backdrop also favors a crypto upswing. With a 99% chance of rates holding steady, any bullish surprise from Powell will act as a catalyst. Moreover, traditionally, FOMC meetings with softer rhetoric have triggered immediate pumps as reactions.
(source)
Market makers’ potential shakeout adds an intriguing twist. The leveraged short position could backfire spectacularly if Bitcoin breaks upward. Some point to historical patterns where large shorts are mostly the start of sharp rallies, as trapped bears go for a buying spree. This dynamic will strengthen the FOMC’s impact, turning a hint into a full-blown market pump.
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Bitcoin Run to Start the Altcoins Rally
Bitcoin’s resilience is another key factor. Despite recent volatility, it’s clawing back from a $76,000 low to hover near $83,000. A weekly close above $81,000, is signaling its strength that attract more buyers. Coupled with Powell’s bullish statements, the market will propel Bitcoin above $90,000 and more, dragging altcoins along for the ride.
(source)
The altcoin market is also primed for action. Recent formations show a massive pump is imminent. Simultaneously, if Powell’s bullish speech aligns with expectations of future easing, altcoins will outperform. The crypto community is bullish about this synergy, viewing the FOMC meeting as a springboard for a crypto breakout.
Global trade tensions and tariff talks are also taking a backseat to the Fed’s narrative this week. Crypto bulls argue that a blessing from Jerome Powell will overshadow these concerns. It will boost confidence in digital assets as a hedge.
Fed Chair Jerome Powell politely shreds Donald Trump's economic policies and tariffs:
"Everyone is forecasting some inflation effect from tariffs…it'll hit the exporters, the importers, the retailers, and to some extent the consumers." pic.twitter.com/XUMzYa9glk
— Art Candee 🍿🥤 (@ArtCandee) March 7, 2025
Therefore, the market’s focus is laser-sharp on the Fed, with sentiment leaning heavily toward an upside surprise.
In short, the FOMC meeting will be the spark that lights up the crypto market. Jerome Powell, combined with a big short squeeze and strong technicals, sets the stage for an explosion.
Cryptobros are ready, and the consensus is clear. This is a game-changer week for Bitcoin and beyond.
Shorters are about to get caught just like what happened in the GME squeeze.
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