Even a small pullback and a 0.5% rate hike could cause premature optimism in the markets, as investors will try to catch the Fed's reversal moment over the next year. However, the growing risk of a recession caused by the tightening of monetary policy may cool the ardor of the regulator. The next meeting of the regulator will be held on November 02, 2022, and the same 0.75% hike is very likely predicted. The last three times the Fed has raised its key rate by 0.75%. Investors aren't convinced of the Fed's risks, tightening or loosening policy Ĭrypto exchanges will begin to capture the huge USDC flows available. The price is in a consolidation phase, and that will continue until:
It can be assumed that the mentioned zone was the key for long-term investors, giving the best opportunity to increase their assets.Īlso, Santiment points to the fact that the number of bitcoin addresses holding from 10k BTC to 100k BTC has reached its maximum since the beginning of 2021īitcoin was testing the $20,000 zone, but most investors remained skeptical that a rally was possible anytime soon. The price is approaching a strong level from December 17, 2017. Influenced by fundamentals based on macroeconomic news and uncertainty, the sideways price range has reduced Bitcoin's volatility to a minimum, which in turn is considered a highly volatile instrument, and the rare periods of prolonged consolidation are mostly followed by significant price movements with volume spikes and increased volatility.īitcoin as well as altcoins, with the exception of some coins, traded lower Tuesday night as the global cryptocurrency market capitalization declined 1.1%Īdditional data from research firm Santiment:īitcoin kits may be accumulating BTC at their current levels, in a phase of consolidation formation with reduced volatility. Having found itself in a prolonged consolidation, fixed at the top and bottom by strong limit zones for several months, the Flagship Cryptocurrency may not be able to go higher anytime soon. 6 3 2 RLinda ! BTCUSD-> What's next, rally or crash? Bitcoin is returning to support its current range.
0 kommentar(er)
