--- title: "Bitcoin bounces 9% off $74K as Fed rate hike fails to drown bulls" type: "News" locale: "en" url: "https://longbridge.com/en/news/299627851.md" description: "Bitcoin rebounded 9% from $74K despite Fed rate hike fears, with Fidelity's Jurrien Timmer suggesting a new bull cycle driven by inflation and scarce asset demand. BTC closed above its 52-week moving average for the first time since November 2025, historically signaling bullish trends. While long-term supply accumulation supports growth, rising profit-taking poses risks. A breakout past $82.3K could trigger short liquidations at $83K-$86K, potentially fueling further gains, though pullbacks to $72.3K may offer entry opportunities." datetime: "2026-09-21T10:34:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299627851.md) - [en](https://longbridge.com/en/news/299627851.md) - [zh-HK](https://longbridge.com/zh-HK/news/299627851.md) generator: "portal-rs" --- # Bitcoin bounces 9% off $74K as Fed rate hike fails to drown bulls On Tuesday, the 15th of September, Bitcoin \[BTC\] fell to a local low of $74,967, ahead of the impending rate hike news from the U.S. Federal Reserve. Yet, since that low, Bitcoin has rebounded by 9.21% in under a week. As reported earlier, a combination of bearish news and long-term inflation worries did not deter BTC bulls much. Jurrien Timmer, Fidelity’s Head of Global Macro, wrote that a new 4-year cycle could be underway. The crypto winter was ending, with inflation being a trigger for scarce assets like Bitcoin. ## Bitcoin shaping up for the start of another bull run Source: BTC/USDT on TradingView For the first time since November 2025, Bitcoin has closed a weekly candle above its 52-week moving average. The previous time this bullish crossover occurred was in March 2023, triggering the bull run that went from $28k to $126k. The 2023 cycle bottom tested the 2017-18 highs, and it might be that the 2026 cycle bottom tests the 2021 cycle highs too. Long-term supply was growing, a sign of accumulation from strong hands. Supply in profit was also rising, presenting a threat that profit-taking could impact the upward momentum. There is also the argument that sellers were exhausted and could only force a pullback as deep as $76k last week. Source: Glassnode If this were true, a breakout past the $82.3k high from earlier in September could trigger the dense cluster of short liquidations in the $83k-$86k region. A combination of steady demand, seller exhaustion, and a run into dense short liquidations can result in a liquidation cascade and a price move higher. ## The case for a sizable pullback The seemingly market-wide consensus is that a bull run is beginning. It is possible that the price would move against the popular consensus to hunt down liquidity to the south. Source: Bitview on X A sell-off due to profit-taking does not have the potential for a deep retracement, as the price action in September has shown. If such a pullback does arrive, a dip towards the $72.3k short-term holder realized price could be an opportunity for investors and swing traders to re-enter the market. * * * ## Final Summary - *The 52-week moving average has been breached, marking the start of another Bitcoin bull run.* - *The cluster of short liquidations around $83k-$86k can be rocket fuel for a BTC price move higher.* ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) ## Related News & Research - [What is driving Bitcoin higher right now](https://longbridge.com/en/news/299628885.md) - [Better Buy Right Now: Bitcoin vs. Dogecoin](https://longbridge.com/en/news/299617894.md) - [Osmosis Took 74 Days To Discover A 40-BTC Nomic Exploit That Left Its Bitcoin-Backed Asset 36% Unbacked](https://longbridge.com/en/news/298903281.md) - [Bitcoin Life Granted Full Life Insurance Licence; Launches Regulated Bitcoin Product for International Investors | BTGO Stock News](https://longbridge.com/en/news/299283162.md) - [$320 million: Ruined by a single cache key](https://longbridge.com/en/news/299443247.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**