Bitcoin Faces Pre‑FOMC Correction — What’s Next for BTC?

Key Notes

• Analyst Javon Marks highlights a rising wedge formation for Bitcoin price similar to setups in 2013, 2017, and 2021.
• Robert Kiyosaki reiterates his $200,000 BTC price prediction for 2025, noting bullish market sentiment.
• Derivatives data show funding rates turning positive again, a historical sign of renewed bullish momentum after leverage flush-outs.

Following the rejection at $115,000 earlier this week, Bitcoin

BTC $113 268

24h volatility: 0.8%

Market cap: $2.26 T

Vol. 24h: $67.83 B

price has been flirting with $113,000, amid some selling pressure ahead of the FOMC meeting.

Market analysts noted that this BTC behavior often occurs ahead of a Fed rate cut announcement, and the rally remains intact. Several experts are highlighting bullish on-chain metrics to support the upward movement.

Bitcoin Price Pullback Could Be Temporary and Short-Lived

Crypto analyst Michael van de Poppe said the recent market pullback appears to be a routine correction ahead of the upcoming Federal Open Market Committee (FOMC) meeting, rather than a sign of weakness. The inflows into spot Bitcoin ETFs highlight strength here.

According to van de Poppe, the Bitcoin price is maintaining strength above the key $112,000 support level, suggesting stability in the broader market structure.

He added that he expects Bitcoin to hold current levels and resume its uptrend once this short-term correction phase concludes.

Crypto analyst Javon Marks stated that the Bitcoin price is forming a rising wedge pattern and preparing for a breakout to the upside.

He cited the past instances during 2013, 2017, and 2021, where a breakout from these chart patterns triggered a major rally ahead.

Robert Kiyosaki Expects BTC to Hit $200K This Year

Despite recent selling pressure, veteran investor Robert Kiyosaki still predicts that Bitcoin could reach $200K this year.

In his recent posts, Kiyosaki predicted the potential collapse of the US Dollar and has been advising his followers to invest in Bitcoin, Ethereum

ETH $4 012

24h volatility: 2.4%

Market cap: $484.27 B

Vol. 24h: $34.40 B

, gold, and silver.

Related article: Bitcoin ETFs Score $149M Inflows during Price Drop: Accumulation UnfazedOn the other hand, Bitcoin’s derivatives market has flipped back to positive funding after a sharp reset that cleared excessive leverage from the system.

The move follows a wave of negative funding that flushed out leveraged positions, paid out short traders, and cooled off open interest, highlighting renewed bullish momentum.

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