Bitcoin (BTC) is showing no signs yet of any kind of volatility ahead of Wednesday’s Federal Reserve FOMC meeting. With no rate cut expected, the Bitcoin price may continue its current sideways trajectory. That said, is there a major rally on the horizon?

Rates to stay as they are

If the U.S. stock market is any kind of guide to what might come out of Wednesday’s FOMC meeting, it could be that nothing much out of the ordinary could be what is generally expected, barring Fed Chairman Powell talking the market up or down in his speech after the meeting. 

According to the CME Fedwatch Tool, the market is 99% certain that no rate cuts will be forthcoming. This may disappoint the Trump administration, given that the President has made it clear that he wants a weaker dollar. That said, …