🚨 Bitcoin & Crypto Market Update 🚨
🔹 Bitcoin Update:
In my last analysis, I highlighted that this week is crucial as the FED's interest rate cut decision could push Bitcoin above its key resistance level.
✅ What Happened So Far?
Even before the FOMC meeting, Bitcoin has broken the resistance, and the daily candle has opened above it.
This indicates that the previous resistance is now acting as immediate support.
📅 Key Event Tomorrow (December 18):
The FED is expected to announce a 25 BPS rate cut.
Bitcoin has already touched $107,700, which suggests high volatility is on the way. Be cautious, as whales and exchanges could manipulate the price to trigger big moves.
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🔹 Crypto Market & Altcoins Update:
Bitcoin has broken out of its accumulation zone and is now trading at all-time highs with no significant resistance above.
Bitcoin dominance has surged to 58%, signaling its current control over the market.
🔮 What to Expect Next?
1️⃣ Altcoin Rally Incoming:
Once Bitcoin stabilizes at a certain level, altcoins are likely to see a strong rally.
Similar to November, profit-taking in Bitcoin and a drop in dominance will shift funds into altcoins.
2️⃣ Market Volatility Alert:
Bitcoin remains unstable, so avoid high leverage and consider booking profits partially.
A major altcoin move is on the horizon, but timing is critical—keep an eye on the FOMC meeting for the next big move.
⚠️ Trade Smart: Manage risk carefully while Bitcoin remains volatile.
👀 Watch Out for Tomorrow’s FED Decision!
🔔 Follow @VIKAS JANGRA for daily updates on Bitcoin, altcoins, and the entire crypto market! 🚀
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