No change for FOMC
Experts see a new immediate ATH for bitcoins, but now a small orange room remains below $ 104,000. This is normal: another FOMC meeting is approaching as it is afraid of the crypto sphere.
This time again, no drop in interest rates in the program. Inflation has been down in recent months, while employment remains solid with stable unemployment at 4.2 %… But the data is not good. In fact, previous projections date from the arrival of Trump in power. And with the overall duties that everywhere rain, especially this famous universal price of 10 %, which exceeds all forecasts, the situation has completely changed.
New projections will show higher inflation, ascending unemployment and lower growth. However, BTC shocks will take more, because Bitcoin traders do not care about the decision on rates. What keeps them in tension is the famous “dot plot”!
This small graph reveals the projection of each Fed official about the future interest rate development. However, less than two expected reductions strengthen the chances of increasing bitcoins by making it a refuge.
What do BTC experts provide?
Although interest rates will not change, experts hope that the night of a beautiful reflection. According to Michaël van de Poppe, Bitcoin generally finds his bottom the day before the meeting Fomc. Even better, the BTC course benefits from new liquidity and is already reflected. So it seems to be gone to regain $ 106,000 and keep it.
Carl Moon focuses above by noticing that Bitcoin is still evolving in a symmetrical triangle. Consolidation that could lead to a decisive movement! Therefore, in the presence of a possible climb to $ 107,000 before we were blocked. And if this threshold is exceeded, we could take part in a new bull run.
But beware, geopolitical tension in the Middle East complicates the equation. And if the United States was involved, the king of cryptocurrency would suffer the consequences.
Morality History: Face in the face of FOMC, Prudenc is a mother of security.
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