Bitcoin Surges 6.3% to $81,186 as Rate Hikes Fail to Dent Demand

Bitcoin USD climbed 6.3% to $81,185.99 in 24 hours, adding $4,835 to its price as traders shrugged off rate hikes from both the Federal Reserve and Bank of Japan. The resilience came despite a 25-basis-point Fed hike on Wednesday and a BOJ rate increase to 1.25%, the highest in 31 years. Analysts point to seller fatigue as the key driver, with bad news no longer triggering meaningful selloffs.

Why Bitcoin held firm through policy headwinds

The Fed raised rates by 25 basis points to 3.75-4.00% on Wednesday, typically a headwind for risk assets like crypto. The BOJ followed with its own 25-basis-point hike to 1.25%. Yet Bitcoin barely budged, suggesting traders had already priced in the moves. Earlier in the week, the Clarity Act failed to secure 60 Senate votes, dropping to just 49 supporters, but Bitcoin only dipped briefly below $74,887 before stabilizing. Mitchell Askew, head of Blockware Intelligence, noted that seller exhaustion explains the pattern: anyone positioned to sell on bad news has already exited.

Technical setup shows strong momentum despite overbought signals

The RSI stands at 65.81, approaching overbought territory above 70, while the ADX reads 40.03, confirming a strong uptrend. Price sits just $29 below the upper Bollinger Band at $81,356.58, indicating buyers remain in control near resistance. The MACD histogram is negative at -476.30, with the signal line above the MACD line, a potential warning of momentum loss. However, the Awesome Oscillator at 4,046.40 and Stochastic %K at 40.70 suggest room for further upside before a pullback becomes likely.

September resilience sets up for quarterly gains

Bitcoin is down just 1.5% for September, defying the month’s historical average loss of 3% since 2013. The rally extends a 25% August gain, and the BOJ rate hike lifted BTC/JPY to 12.06 million yen, showing strength across currency pairs. With under two weeks left in the month, Bitcoin is up 32% for the quarter, on track for its first positive quarterly close since Q3 2025.

Meyka forecasts point to consolidation then recovery

Meyka’s one-month forecast of $81,302.84 suggests nearly flat movement from current levels, a 0.1% gain. The 12-month forecast of $101,199.49 implies a 24.7% rally from here, signaling confidence in medium-term strength. The yearly target aligns with analyst expectations that carry-trade unwinding fears are overblown, given Japanese rates remain far below U.S. rates. Forecasts may change due to market conditions, regulations, or unexpected events.

Final Thoughts

Bitcoin’s 6.3% jump to $81,186 reflects seller exhaustion rather than a single catalyst. With the RSI near overbought and price holding above key support, the data suggests a consolidation phase before the next leg higher. The quarterly gain of 32% underscores the resilience of the bull case.

FAQs

Disclaimer:

Cryptocurrency markets are highly volatile. This content is for informational purposes only. The Forecast Prediction Model is provided for informational purposes only and should not be considered financial advice. Meyka AI PTY LTD provides market data and sentiment analysis, not financial advice. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.