What's up, PEOPLE?
No, this isn't a post about PEOPLE coin. This is about our granddaddy, #bitcoin and all lovely memecoins $FLOKI ,$PEPE and NOT coin
Everyone's now waiting (investors) for July's FOMC meeting. If the results show higher figures than before, it will NEGATIVELY affect #BTC☀
But what if I told you we already know the results?
According to rumors and insights the next results of FOMC meeting most likely be lower than this month. This is not good for Bitcoin, but it has already lost most of it's supply and the RSI is oversold every 2 days.
IMPORTANT:
Here's how does inflation rate and Federal Funds Rate affect BTC :
⭐ April 30 – May 1:
🔄 Federal Funds Rate: Increased by 0.75%
📊 Inflation Rate: Was around 5.5%
💲 Bitcoin Price: Dropped from $59,000 to $56,500 but recovered slightly to $58,000 by late May
⭐ June 11-12:
🔄 Federal Funds Rate: Held steady at 5.25%-5.5%
📊 Inflation Rate: Decreased to 5.0%
💲 Bitcoin Price: Fell from $64,000 to $62,700, and currently trades around $59,900
And...
Just for you I have made a list of FOMC upcoming meetings this year, so put it in your calendar and stay informed!
The Federal Open Market Committee (FOMC) has scheduled eight meetings for 2024:
✅ January 30-31
✅ March 19-20
✅ April 30 – May 1
✅ June 11-12
⚠️ July 30-31 🕑 UPCOMING
⚠️ September 17-18
⚠️ November 6-7
⚠️ December 17-18
Stay tuned for these dates and watch how Bitcoin reacts!
THANK ME LATER.
DO $NOT USE HIGH LEVERAGE AND ALWAYS PUT STOP LOSS!
0 EMOTIONS, ONLY SMART MONEY AND FACTS.
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Good luck.
