Bitcoin Tops $27K a Week After Death Cross Formation With Fed Likely to Extend Rate Pause

“No one really expects a change in the policy rate or balance sheet guidance at this meeting,” Scotiabank said in a preview note to clients on Friday. “Instead, it will focus upon tweaks to forward guidance on the policy rate, updated macroeconomic projections and guidance that [Fed Chair Jerome] Powell provides. This one is likely to be about buying time.”