More #bitcoin☀️ #volatility June 11 to 12

#FederalReserve will announce its #InterestRateDecision after meetings from June 11 to 12 (see below schedule).

#FederalReserve is unlikely to lower interest rates at the meeting this week as it is seeking consistent evidence that inflation is coming down to its target.

Consistent means about three periods of reports confirming their views.

Bitcoin price appears to move in the opposite direction of interest rates... however, Bitcoin seems to recover in a short period.

The Federal Reserve will likely continue its "higher for longer" approach, meaning interest rates will stay the same or increase.

So, some downward action for Bitcoin is possible from June 11 to 12, when the Fed meets and delivers its interest rate decision.

In the long term, Bitcoin may move in the same direction as interest rates once it is accepted as a medium of exchange for goods and services like the dollar.