Where Will Bitcoin and Altcoins Head After Fed’s FOMC?

Key Notes

• Bitwise CIO Matt Hougan predicts Bitcoin could surge to $200,000 by year-end if the Federal Reserve adopts a dovish stance.
• A breakdown in Bitcoin dominance (BTC.D) could trigger an altseason, with some altcoins potentially gaining 10x to 20x or more.
• The Federal Reserve is expected to maintain the current interest rate range of 4.25%-4.5% after the FOMC meeting .

Bitcoin

BTC $83 399

24h volatility: 0.1%

Market cap: $1.65 T

Vol. 24h: $22.65 B

and altcoins are currently showing strength ahead of the upcoming Federal Open Market Committee (FOMC) meeting which will conclude on March 19. Investors will be closely watching Fed Chair Jerome Powell’s decision on interest rates, which will decide the next directional trajectory for the crypto market

Can Bitcoin Price Break Past $84,000 Resistance Post Fed’s FOMC?

Bitcoin price has been facing strong resistance at the 200-day simple moving average of $84,000. Bulls need to muster strength to take BTC past this resistance for a surge to higher levels of $90,000, its 50-day SMA, and higher

Renowned crypto analyst Ali Martinez has pointed to a significant technical signal for Bitcoin (BTC). Martinez noted that a MACD crossover on the 2-week chart suggests a potential macro trend reversal for the cryptocurrency

Matt Hougan, CIO of Bitwise Asset Management, outlined two contrasting scenarios for Bitcoin’s trajectory based on the Fed’s stance. If the Federal Reserve adopts a more accommodative stance to ease economic uncertainty, Hougan predicts Bitcoin could surge to $200,000 by year-end

However, he explained that if the Fed takes a stricter monetary approach, BTC could face a sharp pullback to $72,000 in the near term. During the FOMC meeting on Wednesday, the Fed is likely to keep interest rates unchanged in the range 4.25% to 4.5%. While there has been speculation about possible rate cuts, Federal Reserve Chair Jerome Powell has emphasized caution for any quick rate cut measures

What’s Next for Altcoins?

Altcoins have already faced severe selling pressure since the beginning of 2025 with Ethereum

ETH $1 938

24h volatility: 1.6%

Market cap: $233.56 B

Vol. 24h: $11.37 B

, Solana

SOL $126.1

24h volatility: 0.6%

Market cap: $64.30 B

Vol. 24h: $2.41 B

, Cardano

ADA $0.71

24h volatility: 0.2%

Market cap: $25.57 B

Vol. 24h: $628.08 M

, and others correcting 35-40% so far this year. Despite this, some market analysts believe that the altcoin season is still in the making

Crypto analyst Crypto Patel has suggested that a potential breakdown in Bitcoin dominance could pave the way for a significant shift in market liquidity toward altcoins.

Related article: Bitcoin Price to $20,000? Peter Schiff Shares Bearish Insight as Miners Cash ProfitAs BTC dominance approaches a critical trendline, Patel highlighted the possibility of a substantial altcoin rally, with some tokens potentially surging by 10x to 20x or more.

Market watchers are closely monitoring this key metric, as a breakdown could signal the start of a long-awaited altseason, driving explosive growth in the broader cryptocurrency market.

nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.