FOMC Meeting Today [LIVE] Updates

Bitcoin price continues to support my bullish bias, with the structure favoring a strong upside breakout in the coming week. Ideally, I’d like to see $91.5K hold as support, but for now, the more important factor is avoiding choppy, low-conviction price action. FOMC days are often misleading. Price often moves just enough to trap both bulls and bears before the real direction emerges. So even a dip toward $91K wouldn’t change the bigger picture for Bitcoin.

The FOMC meeting will take place on December 9–10. The Federal Reserve will release its policy statement at 2:00 p.m. ET on December 10, followed by a press conference led by Fed Chair Jerome Powell. For Indian markets, the announcement is scheduled for 12:30 a.m. IST on December 11.

Markets are braced for what’s widely seen as a “hawkish rate cut,” with expectations centered on a 25 bps reduction that would bring rates to 3.50%–3.75%. Any outcome short of added hawkish signals could be read as dovish. Dissenting votes are likely, highlighting growing divisions within the Fed. The dot plot may show resistance to further easing beyond this move, while economic projections should see only minor tweaks. Powell is expected to stick to a data-dependent stance, avoiding clear guidance on future cuts.

Bitcoin Price has printed a fresh higher high, reinforcing bullish momentum as the $91,000–$93,000 range flips back into strong support ahead of the crucial FOMC meeting. Buyers remain in control, signaling confidence despite looming macro uncertainty. With liquidity improving and risk appetite returning, the setup favors further upside. If Fed Chair Jerome Powell avoids hawkish surprises, Bitcoin could stay on track for a decisive push toward the $100,000 milestone