Bitcoin Price Forecast: Could BTC Surge 30% Following the FOMC?

Bitcoin price is heading into another Federal Open Market Committee (FOMC) decision as its recent rebound loses steam, prompting doubts over whether the cryptocurrency can replicate its earlier post-meeting surges. As traders await the Federal Reserve’s interest rate decision on October 28, market expectations and derivatives positioning may shape Bitcoin’s next move. As of press time, Bitcoin price trades at $80,567, down 0.42% over the past 24 hours. Crypto analyst Ted Pillows pointed to Bitcoin’s earlier rallies that followed the FOMC meetings in July and September. In his X post, he noted that BTC rose nearly 30% across four weeks in July and roughly 16% within a single week in September. Pillows asked whether Bitcoin might deliver similar gains after the October decision.

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