#BTC $BTC #FED
Hey guys.
📌Bitcoin has met local targets and reached 108K.
💡 At the moment the market is frozen waiting for the Fed meeting, where the decision on interest rate will be announced. with 97% probability the market expects a decrease of 25 bp, so no surprises are expected here. But the most important will be Mr. Powell's speech, where investors expect to hear changes in monetary policy, and the possible start of the QE (quantitative easing) cycle when banks will start injecting liquidity into the economy.
📊The bitcoin price has now gone into a technical correction, where after a brief respite we can expect a new wave of growth into the 110K zone.
🔍The important supports that should not be broken are 94 and 100K.
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