Bitcoin: Withstands Fed Hike and CPI Shock

Latest Update
9/17/2026 9:55:00 PM

Bitcoin: Withstands Fed Hike and CPI Shock

Bitcoin holds at $76999.5 after absorbing CPI shock, AI selloff, CLARITY Act vote and 25bp Fed rate hike without deeper support test.

Analysis

Bitcoin absorbed a CPI shock, an AI-driven selloff, the CLARITY Act vote and a 25-basis-point Fed rate hike yet avoided the deeper support test many traders anticipated.

The reaction across BTC and broader <a href="https://xpertsstudio.com/shareholders-challenge-pay-at-crypto-treasury-firms/” title=”Shareholders Challenge Pay at Crypto Treasury Firms”>crypto markets created mean-reversion opportunities after last week’s volatility, leaving the same question open: is the bottom in or is another test ahead.

On the 4h chart Bitcoin trades at $76999.5 inside the Bollinger Bands with upper resistance at $77759.22 and lower support at $75254.81; the EMA50 at $77130.74 acts as immediate resistance while the EMA200 at $74582.25 offers longer-term support, and the MACD golden cross at -178.4 signals building bullish momentum even as RSI at 53.27 remains neutral, suggesting price may retest the 50-EMA before any sustained continuation.

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Source: blockchain.news