Bitcoin Price Prediction: Critical $90,500 Resistance Tested as FOMC Decision Looms Over BTC, ETH, and Altcoins

Global cryptocurrency markets entered a pivotal phase on January 28, 2025, as Bitcoin challenged the crucial $90,500 resistance level amid a weakening US dollar and anticipation surrounding the Federal Open Market Committee meeting. The flagship cryptocurrency’s movement above $90,000 coincided with gold reaching new highs, creating a complex macroeconomic backdrop for digital assets. Technical analysts now scrutinize whether Bitcoin can sustain its momentum and whether major altcoins including Ethereum, Solana, and Cardano will follow with meaningful recoveries.

Bitcoin Price Prediction and Macroeconomic Context

Bitcoin’s recent rally above $90,000 demonstrates significant bullish pressure despite substantial resistance at $90,500. The cryptocurrency’s performance directly correlates with the US dollar index weakening, creating favorable conditions for alternative stores of value. Furthermore, traders positioned themselves cautiously ahead of today’s FOMC announcement regarding interest rates. Market participants widely debate whether a potential rate cut or pause could extend the current cryptocurrency rally. Historical data from Coinglass reveals February has witnessed only three negative monthly losses for Bitcoin since 2013, with a median rise of 12.21%. This statistical pattern suggests potential upward momentum if historical trends repeat.

Fundstrat managing partner Tom Lee provided crucial context during a CNBC interview, noting cryptocurrencies should theoretically rise alongside a weaker dollar. Interestingly, traders have recently favored traditional safe havens like gold and silver. Lee suggested cryptocurrency markets might catch up after precious metals experience a consolidation phase. Market intelligence platform Santiment corroborated this observation through social media analysis, revealing more discussions about silver and gold compared to cryptocurrencies throughout most of January. Analysts noted retail traders appear increasingly willing to jump between sectors based on wherever the latest price pumps occur.

Technical Analysis of Major Cryptocurrencies

Technical charts provide essential insights into potential price movements for the top ten cryptocurrencies by market capitalization. Bitcoin’s relief rally has reached its moving averages, where bears typically mount strong challenges. The BTC/USDT pair faces critical support at $84,000, which buyers must defend vigorously. A close below this level could trigger declines toward $80,600 and potentially the formidable $74,508 support zone. Conversely, a break and close above the moving averages could open a path toward the $94,789 to $97,924 resistance zone, potentially signaling the end of the current corrective phase.

Ethereum’s Symmetrical Triangle Pattern

Ethereum re-entered its symmetrical triangle pattern on Tuesday, though its recovery faces immediate resistance at moving averages. The ETH/USDT pair shows vulnerability below the $2,787 level, with potential declines toward $2,623 if bears regain control. However, a close above the moving averages would indicate market rejection of the breakdown below the support line, improving prospects for breaking above the pattern’s resistance line. Such a development could propel Ethereum toward the $3,659 target, representing significant recovery potential.

Altcoin Recovery Attempts and Resistance Levels

Several major altcoins attempt recovery movements but face substantial selling pressure at higher levels. BNB demonstrates demand at lower levels as it attempts to rise above its 20-day exponential moving average at $897. The cryptocurrency faces overhead resistance between $928 and $959, where bears will likely mount solid defense. Overcoming this zone could initiate a rally toward $1,020, though sellers could gain upper hand by pulling prices below the uptrend line toward $790 support.

XRP shows buyers attempting to push above moving averages, though bears maintain strong positions. The cryptocurrency faces critical support at $1.77, with potential declines toward the vital $1.61 level if sellers prevail. Buyers must fiercely defend the zone between the descending channel pattern’s support line and $1.61. A push above moving averages could reach the downtrend line, requiring a close above this level to indicate a new upward movement.

Solana and Dogecoin Technical Outlook

Solana turned upward from $117 support on Monday, though its relief rally likely faces selling pressure at moving averages. The SOL/USDT pair risks decline below $117 support, potentially tumbling toward solid support at $95. Alternatively, breaking above moving averages could open a rally toward $147 overhead resistance, with clearance above this level suggesting the corrective phase might conclude.

Dogecoin bounced from $0.12 support, though its relief rally expects selling at moving averages. Sharp declines from these levels heighten risks of breaking below $0.12 support, potentially collapsing toward the October 10, 2025, low of $0.10. Conversely, breaking and closing above moving averages suggests possible range-bound action between $0.12 and $0.16, with a close above $0.16 signaling short-term trend change.

Cardano, Bitcoin Cash, and Emerging Tokens

Cardano’s bounce from $0.33 reached moving averages where bears likely intervene. Sharp declines from these levels increase likelihood of breaking below $0.33, potentially plummeting toward the descending channel pattern’s support line. This negative scenario invalidates if Cardano continues higher and breaks above the downtrend line toward the $0.50 breakdown level where bears will mount strong defense.

Bitcoin Cash again rebounded from $563 support, indicating aggressive bullish defense. Flattening moving averages and RSI near midpoint signal supply-demand balance. Breaking above moving averages tilts advantage toward bulls, potentially ascending to $631 and later $670. However, sellers completing a bearish head-and-shoulders pattern below $563 could trigger declines toward $518 and the pattern target of $456.

Hyperliquid and Monero Market Dynamics

Hyperliquid turned upward from $20.82 support on January 21, soaring above the 50-day SMA at $25.50, indicating solid buying at lower levels. The moving averages approach a bullish crossover with RSI entering overbought territory, signaling returning bullish momentum. Resistance at the $35.50 breakdown level presents the next challenge, with overcoming this barrier potentially ascending toward $44.

Monero’s pullback faces resistance at the 50-day SMA ($480), indicating bearish selling on minor rallies. The downsloping 20-day EMA ($512) and RSI near 46 suggest path of least resistance remains downward. Breaking below $445 could complete a 100% retracement of the latest rally leg toward $417 support. Buyers must drive prices above the 20-day EMA to indicate strength toward $546 resistance.

Conclusion

Cryptocurrency markets face critical technical tests amid evolving macroeconomic conditions as January concludes. The Bitcoin price prediction centers on the $90,500 resistance level, with historical February trends suggesting potential upward momentum. Major altcoins including Ethereum, Solana, and Cardano attempt recovery movements but face substantial selling pressure at defined resistance levels. The FOMC decision regarding interest rates will significantly influence market direction, potentially determining whether the current cryptocurrency rally extends or encounters renewed pressure. Technical analysis reveals clear support and resistance levels across major digital assets, providing traders with essential frameworks for navigating volatile market conditions.

FAQs

Q1: What is the key resistance level for Bitcoin according to current analysis?
The crucial resistance level for Bitcoin stands at $90,500. Breaking and closing above this level could open a path toward the $94,789 to $97,924 resistance zone, potentially signaling the end of the current corrective phase.

Q2: How does the US dollar index affect cryptocurrency prices?
A weakening US dollar index typically creates favorable conditions for alternative stores of value like cryptocurrencies. This inverse relationship means dollar weakness often correlates with stronger cryptocurrency performance as investors seek hedges against currency depreciation.

Q3: What historical pattern suggests potential Bitcoin strength in February?
Historical data from Coinglass reveals February has witnessed only three negative monthly losses for Bitcoin since 2013, with a median rise of 12.21%. This statistical pattern suggests potential upward momentum if historical trends repeat during the current market cycle.

Q4: Which altcoins show the strongest recovery potential according to technical analysis?
Hyperliquid demonstrates strong recovery potential with its move above the 50-day SMA and approaching bullish crossover of moving averages. Ethereum also shows recovery potential if it can break above its symmetrical triangle pattern’s resistance line.

Q5: What risk factors could negatively impact cryptocurrency prices?
Key risk factors include Bitcoin breaking below the $84,000 support level, the FOMC announcing hawkish interest rate policies, and continued capital rotation toward traditional safe havens like gold and silver rather than digital assets.