2022-03-17 02:08:16
The Fed announced a 25 basis points hike in its benchmark interest rate to a range of 0.25 - 0.50%. Which was a completely expected decision. In addition, it was announced that there is a plan to increase the rate throughout the year.
BTC reacted quite calmly to this decision. Moreover, it showed a slight increase. Apparently, buyers restrained themselves until the official Fed statement, and as soon as it was confirmed, they hurried to buy cryptocurrencies.
It is likely that in the coming days, Bitcoin will move in the range of $36,000 - $45,000. If the $45,000 level is broken, more intensive growth is possible. But I have very big doubts about it.
Whales are interested in a lower price of Bitcoin. Obviously, they are not interested in Bitcoin pump from the current price point. Therefore, they can make a short-term rebound, after which BTC is knocked over to $32,000 and even lower. Moreover, the geopolitical situation at any moment can provoke such a fall.
#Fed #FOMC #BTC
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