Fed Holds Rates Steady for Fourth Time — Bitcoin Volatility Persists as Market Awaits Breakout
TradingKey – The Federal Reserve has once again held interest rates unchanged, and Bitcoin continues to trade sideways, with a potential breakout looming as early as this weekend.
On Thursday, June 19, the Fed concluded its fourth consecutive meeting without a rate change, while Bitcoin(BTC) hovered in a tight range around $105,000. Over the past 24 hours, BTC dipped 0.42%, last trading at $105,090.
Bitcoin reached an all-time high near $120,000 on May 22, but has since pulled back. Despite two rebound attempts, it has failed to reclaim its peak. Currently, BTC’s price action is forming a symmetrical triangle pattern, suggesting a decisive breakout — up or down — could occur this weekend or early next week.
Bitcoin Price Chart – Source: TradingView.
Historically, Bitcoin’s major moves often coincide with geopolitical events. The most likely catalyst now is the escalating conflict between Iran and Israel, with speculation mounting over potential U.S. military involvement. Should the U.S. intervene, panic-driven selling could pressure BTC, though analysts believe the impact may be short-lived.
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