Bitcoin Slips After FOMC-Fueled Surge, but Market Confidence in $100K Grows

Bitcoin Retreats After FOMC Rally, but $100K Target Gains Traction

Bitcoin (BTC) and the broader crypto market saw a 3% pullback on Friday, as traders took profits following Thursday’s FOMC-driven rally. Despite the short-term dip, options data suggests growing confidence in BTC reaching $100K in the coming months.

Market Recap

BTC dropped from $86,000 to below $84,000, pulling total crypto market capitalization down 3.2% over the past 24 hours.
Ethereum (ETH) fell under $2,000, while Solana (SOL) lost 5%.
XRP trimmed gains after Wednesday’s 10% rally, now up 4.8% on the week.
BNB continued to outperform, securing an 8% weekly gain.
Tron (TRX) and Toncoin (TON) defied the trend, both rising 2%.

TRX gained momentum following its first-ever launch on Solana, while TON surged after new venture capital investments totaling over $400 million.

FOMC Sparks BTC Surge Before Profit-Taking

Wednesday’s Federal Open Market Committee (FOMC) meeting temporarily pushed Bitcoin above $85,000, as traders reacted to the Fed’s plan to slow quantitative tightening in April—a move seen as a precursor to easing monetary policy.

QCP Capital noted that traders are now positioning for a more dovish Fed stance, leading to increased demand in the options market.
Dr. Sean Dawson, head of research at Derive.xyz, reported that the probability of BTC surpassing $100K by June 30 has climbed from 20% to nearly 30% in just one day.
Meanwhile, ETH’s probability of staying above $2,000 by mid-year has increased to 50%, up from 40% previously.

Options market activity on Derive.xyz also revealed that 60% of ETH options traded in the last 24 hours were bullish calls, while BTC options saw 34% of volume focused on downside protection, indicating both bullish bets and hedging strategies.

Key Technical Levels to Watch

Crypto analyst Alex Kuptsikevich of FxPro highlighted the importance of Bitcoin holding $80,000 as a crucial support level to maintain its momentum.

He pointed out that the crypto market’s total capitalization must break past its 200-day moving average of $2.9 trillion for a sustained rally.
A decisive move above this level could trigger a new buying wave, while a failure to hold support may lead to further short-term pullbacks.

Bitcoin’s Long-Term Trajectory

Despite near-term volatility, bullish momentum remains strong, with increasing bets on Bitcoin hitting $100K in the coming months. As traders monitor key support levels, the broader market will likely react to macro trends and institutional positioning in the weeks ahead.