Bitcoin is above key support, so why are momentum signals getting worse?

Bitcoin ($BTC) is trading above $76,300 on Thursday, stabilizing after the Federal Reserve raised its benchmark interest rate by 25 basis points.

$BTC remains above a critical cluster of moving averages despite falling approximately 3% on Tuesday.

This positioning preserves its broader bullish structure, although weakening momentum indicators suggest buyers have yet to regain firm control.

Meanwhile, privacy-focused cryptocurrencies Zcash and Dash outperformed the wider market with double-digit gains over the past 24 hours.

Bitcoin stabilizes following Fed rate increase

Bitcoin held near $76,000 after the Federal Reserve tightened monetary policy by a quarter percentage point.

The Federal Open Market Committee increased its benchmark federal funds rate range by 25 basis points to between 3.75% and 4%. The widely expected rate hike received unanimous support from policymakers.

Officials said US economic activity continues to expand at a solid pace, supported by resilient domestic spending.

However, the apex bank acknowledged that uncertainty remains elevated, partly because of geopolitical developments.

Inflation also remains above the Fed’s 2% target. Policymakers said the rate increase would support a more timely return to price stability.