Key Events December 18:
Tomorrow, the Federal Reserve is expected to announce a 25 basis point rate cut.
Bitcoin has already touched $107,700 before the meeting, so the market could be very volatile. Whales and exchanges could manipulate the price, so expect large swings.
Bitcoin has broken out of the accumulation zone and is now trading at all-time highs, with no resistance and free trading. Meanwhile, Bitcoin’s dominance has risen to 58%
Expected Results:
Altcoins could see a strong rally after Bitcoin stabilizes at a certain level.
Once Bitcoin starts taking profits and dominance starts to decline, funds will flow into altcoins, similar to what we saw in November.
Currently, Bitcoin is still volatile, so avoid high leverage and consider taking profits in batches. Altcoins are about to see big moves, but while Bitcoin is still volatile, manage your trades carefully and at least keep an eye on the FOMC meeting.
