Skip to content

U.S. interest rate pause could kickstart Bitcoin rally in May, charts indicate

U.S. interest rate pause could kickstart Bitcoin rally in May, charts indicate

Although the prediction made by venture capitalist and former CTO at cryptocurrency trading platform Coinbase Balaji Srinivasan that Bitcoin (BTC) could soon reach the price of $1 million is considered overly enthusiastic, historical trends indicate the flagship decentralized finance (DeFi) asset could still kick off a significant rally.

As it happens, after the United States Federal Reserve paused its interest rate hikes in 2018, Bitcoin responded by trending up, and now the crypto market is pricing in the possibility that the same could happen in May this year, according to a tweet by the crypto analyst Seth published on March 30.

Bitcoin vs. U.S. interest rate chart. Source: Seth

Specifically, as the expert explained using the Bitcoin vs. U.S. interest rate chart:

“There is a probability that like in 2018 when we get a pause in the US interest rate, then Bitcoin starts to trend up! The market is pricing in a FED rate Pause in MAY! Are you ready for a [High Time Frame (HTF) uptrend?”

That said, while many cryptocurrency experts agree that Bitcoin has strong bullish energy, especially in light of the upcoming halving event, which will take place in the first half of 2024 and has historically led to spikes in the price of the maiden digital asset, the Chief Market Strategist Gareth Soloway believes it could first plummet back to November 2020 levels at around $13,000.

Bitcoin price analysis

As things stand, Bitcoin is currently trading at the price of $28,688, which represents an increase of 1.15% on the day and a 4.51% gain across the previous week, adding up to the 21.98% advance on its monthly chart, as per the latest data retrieved by Finbold on March 30.

Bitcoin 30-day price chart. Source: Finbold

Notably, Bitcoin has shown resilience amid increased regulatory scrutiny over the industry, recently adding nearly $30 billion to its market capitalization in a single day, indicating a positive momentum that could lead its price toward surpassing the $30,000 psychological level.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.