Can Bitcoin's 86,000 line of defense be maintained after the rate hike bill doubles down?

According to Woofun AI, Fundstrat Capital Chief Investment Officer Tom Lee and iTrust Capital CEO Kevin Maloney agree that the 'worst period for investors is over'.

Despite the double disadvantage of the Federal Reserve's interest rate hike and the blocking of regulatory legislation, the Bitcoin price has shown strong resilience, and the qualitative judgments of the two industry leaders on the current stage of the market have set an optimistic tone for future trends.

iTrustCapital CEO Kevin Maloney pointed out in an interview with Paul Barron that the long period of decline known as the 'crypto winter' has come to an end. As a platform that provides cryptocurrency and stock investment services specifically for retirement accounts, it holds approximately $350 million in idle customer funds, and has now “significantly returned to the market.” Maloney emphasized that Bitcoin does not rely on a 'clear law' and has set a key price support level: if Bitcoin closes above $85,000 every week, the trend will be quite good.

Data compiled by Woofun AI shows that this sign of capital return resonates with technical price support.

At the macro level, Tom Lee, the chief investment officer at Fundstrat Capital, believes that this rate hike is only the “pinnacle of rising interest rates.” He predicted that the PCE inflation rate announced on September 30 would fall from 3.4% to close to 3%, and asserted that even another 0.25 percentage point rate hike would not damage the economy. Policy side gaps were released intensively: On September 15, the “Clarity Act” failed by 50 votes to 49 in the Senate procedural vote, falling short of the 60-vote threshold; the next day, the Federal Reserve raised the benchmark interest rate by 0.25 percentage points to 3.75% to 4%, the first time since 2023.

Signals diverged amid market fluctuations. Bitcoin fell below $76,000 after the vote, but then resumed upward momentum and closed at $86,423 on Tuesday. However, 16 of the 18 Federal Reserve officials expect another rate hike this year, and $450 million of funds were withdrawn from the Bitcoin ETF on September 15, even though the price of Bitcoin rose 0.6% on that day. The next critical test will come on September 30, when the revised inflation data will determine the final destination of the $86,423 to $76,000 range.