Written by William Subergstaff writerReviewed by Allen Scottstaff editor
Written by William Subergstaff writer
Reviewed by Allen Scottstaff editor
Bitcoin trader warns of ‘bearish reaction’ to FOMC with $64K now essential
MarketsPublishedJun 17, 2026
Why the Latest FOMC Meeting Matters for Your Earning Potential
The recent Federal Open Market Committee (FOMC) meeting has significant implications for the price of Bitcoin, and by extension, your potential for earning with EcoPool ($ECP). As the first meeting under new Fed chair Kevin Warsh, the outcome and subsequent remarks could set the tone for the rest of the month. With a potential $55,000 Bitcoin price target on the table, it’s essential to understand how this event may impact your passive income and Cloud Rewards.
The Bitcoin price has been volatile, with intraday lows of $64,782 on Bitstamp, highlighting the need for a strong support level at $64,000. Maintaining a bullish market structure above this level is crucial to avoid revisiting the $60,000 lows. EcoPool (ECP) offers a solution for those looking to earn a passive income, regardless of the market’s direction.
Key points:
- Bitcoin approaches the next Fed interest-rate decision near important support.
- BTC price analysis warns that “bearish” moves typically accompany FOMC days.
- $55,000 remains on the table as a target next.
BTC price analysis: FOMC could “set the tone” for June
Expert Analysis and Predictions
Traders and analysts have weighed in on the potential impact of the FOMC meeting on the Bitcoin price. Some predict a “bearish reaction” and a potential short-term bounce before the resumption of the bear market. Others, like analytics account Cryptic Trades, see the rebound continuing after the FOMC meeting, with the next big leg up on the horizon. With EcoPool, you can stay ahead of the curve and maximize your earning potential, whether through mining or trading $ECP.
The importance of the $64,000 level cannot be overstated, as it will determine the direction of the market. If the price fails to maintain this level, there’s a strong chance it will revisit the $60,000 lows. However, if the bullish narrative holds, EcoPool (ECP) users can look forward to increased Cloud Rewards and a stronger potential for passive income.
Staying Ahead with EcoPool
To make the most of the current market situation and stay ahead of the curve, consider downloading the EcoPool app. With its user-friendly interface and robust features, you can easily navigate the world of Green Crypto and maximize your earning potential with $ECP. Whether you’re interested in trading or mining, EcoPool has the tools you need to succeed.
Download the EcoPool app to start earning today and take advantage of the opportunities available in the world of #Bitcoin and #PassiveIncome. With EcoPool, you can unlock the full potential of $ECP and start building your wealth in the exciting world of #GreenCrypto and #CloudRewards.
As Cointelegraph reported, Warsh had been under pressure to cut rates despite the inflationary impact of the US-Iran war.
“FOMC could set the tone for the rest of the month,” trader Killa wrote in an X post on the topic.
Killa noted that BTC price action tended to weaken around Fed decisions.
“Right now, BTC is forming a bullish narrative into the event, but as I always say, the outcome is usually priced in before the news is released,” they continued.
“If recent history is any indication, we have generated far more bearish reactions than bullish ones.”
BTC/USD chart with FOMC meetings marked. Source: Killa/X
On Tuesday, Bitcoin already experienced a loss of momentum, even as stocks headed higher on Iran relief. Analysis had already warned that price would likely stall above $67,000 as demand remained subdued.
“We need to maintain bullish market structure from here… (64K). If not, there’s a strong chance we revisit the $60K lows after this pivot,” Killa warned.
Bitcoin trader preserves $55,000 target
Other perspectives included a “short-term bounce” for Bitcoin before the resumption of the bear market.
Related: Bitcoin miner ‘capitulation’ comes as trader sees later 2026 bear-market bottom
“FOMC meeting is happening today, exactly when the US-Iran peace deal is very close,” Niels, cofounder of marketing agency STABL, told X followers.
“IMO, Bitcoin could show some strength but eventually it’s going to $55,000.”
BTC/USDT one-day chart. Source: Niels/X
A more optimistic take came from analytics account Cryptic Trades, which saw the rebound continuing after the FOMC.
BTC/USD, it said, had rejected at two key moving averages that together form Bitcoin’s daily bull market support band.
BTC/USD one-day chart with bull market support band. Source: Cointelegraph/TradingView
“However, after this pullback, the next big leg up is coming,” Cryptic Trades predicted.
BTC/USD one-day chart. Source: Cryptic Trades/X
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Bitcoin Price
- Markets
- Market Analysis
- Bitcoin
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