BTC: FOMC IMPACT ON THE PRICE OF BTC!!
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Welcome to this exclusive BTC analysis. FOMC has had a huge impact on the price of BTC since the start of 2022. Here's my view on how can it be affected this time.
This event has the potential to change the course of risk markets (#BTC etc.) from bear to bull or to cause a capitulation event in risk, depending on the outcome.
In the previous two meetings, the FED hiked its rates and that would bring a positive outcome for BTC. The March 16 FOMC meeting marked a local bottom for BTC and after the announcement, we have seen a relief rally. The market is currently in a similar environment to the one created during the lead-up to the March FOMC meeting.
Markets are at critical levels, being ultimate support. US Dollar index, USDT Dominance is at important levels of resistance and BTC is at an important level of support from here we can expect a relief rally soon.
After the last two meetings, the BTC price shows a 20-25% bounce so if the same thing happens this time we might see a relief rally up to $45k-$48k in the next two weeks.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this exclusive BTC analysis. FOMC has had a huge impact on the price of BTC since the start of 2022. Here's my view on how can it be affected this time.
This event has the potential to change the course of risk markets (#BTC etc.) from bear to bull or to cause a capitulation event in risk, depending on the outcome.
In the previous two meetings, the FED hiked its rates and that would bring a positive outcome for BTC. The March 16 FOMC meeting marked a local bottom for BTC and after the announcement, we have seen a relief rally. The market is currently in a similar environment to the one created during the lead-up to the March FOMC meeting.
Markets are at critical levels, being ultimate support. US Dollar index, USDT Dominance is at important levels of resistance and BTC is at an important level of support from here we can expect a relief rally soon.
After the last two meetings, the BTC price shows a 20-25% bounce so if the same thing happens this time we might see a relief rally up to $45k-$48k in the next two weeks.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Comment:
I'm expecting this kind of scenario to liquidate high leverage traders. This is not the time to panic. Load your favorite Alts in the dip and hold. Close below $37k will invalidate the bullish May month scenario. As long as it holds above $37k I'm bullish.
I'm expecting this kind of scenario to liquidate high leverage traders. This is not the time to panic. Load your favorite Alts in the dip and hold. Close below $37k will invalidate the bullish May month scenario. As long as it holds above $37k I'm bullish.
BTC is breaking out from the falling wedge in 4hr time frame. RSI is also breaking out. Send it to $42k