Tom Lee compares current setup to past rallies after Fed easing
BitMine Chairman Tom Lee believes the Federal Reserve’s upcoming interest rate decision could set the stage for explosive gains in Bitcoin (BTC) and Ethereum (ETH).
Speaking with CNBC, Lee described both assets as “seasonally strong,” and said they could deliver “monster moves” over the next three months if the Fed cuts rates, reports Crypto News.
The central bank is expected to announce its decision on Sept. 17 at 2 p.m. EST, with the CME FedWatch tool showing a 96% probability of a 0.25% rate cut. Crypto traders appear to be preparing, channeling liquidity into stablecoins to deploy capital quickly if a rally begins.
Bitcoin poised at critical resistance
Bitcoin is currently trading near $115,498, consolidating just below the $116,000 resistance zone after steady gains earlier in September. Technical charts show strong support around $114,000, while the Relative Strength Index (RSI) at 51 indicates neutral momentum, neither overbought nor oversold. A Fed rate cut could weaken the dollar and boost liquidity in risk assets, potentially propelling BTC past the resistance barrier.
Analysts suggest a breakout could carry Bitcoin toward the $118,000–$120,000 range in the short term. With Bitcoin dominating 55.43% of the crypto market cap, its move will be a key driver for the broader sector.
Ethereum eyes rebound after pullback
Ethereum is trading around $4,508, pulling back from highs above $4,700 earlier this month. Its RSI sits at 40, reflecting weakening momentum and edging toward oversold territory. Key support is at $4,400, with resistance shifting to $4,650. Traders appear cautious ahead of the Fed decision, but a rate cut could trigger renewed inflows into ETH, allowing it to reclaim the $4,600–$4,700 range. With Ethereum maintaining 13.05% market dominance and a pivotal role in DeFi and staking, its recovery could fuel broader altcoin participation if liquidity conditions improve. According to Lee, this setup echoes past cycles such as September 1998 and 2023, when delayed Fed cuts triggered strong rallies in both tech and crypto markets.
Recently we wrote that Bitcoin (BTC) is trading around $115,540, reflecting cautious optimism among investors.
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