đđBitcoin Market is Active Ahead of Fed Interest Rate Decision đđ
The Bitcoin market is witnessing remarkable price movements ahead of the upcoming interest rate decision of the US Federal Reserve (Fed). Bitcoin, which recently fell below $ 60,000, has once again attracted the attention of investors by exceeding this level. Investors are taking care to take cautious positions against possible major fluctuations.
Bitfinex analysts believe that the Fed's interest rate cut decision will have a decisive effect on the direction of Bitcoin. Depending on the size of the interest rate cut, either an increase or a more cautious attitude can be seen in the markets. In particular, a 25 basis point cut creates optimism in the markets, while a larger 50 basis point cut can cause anxiety.
These developments are expected to cause sharp price fluctuations in spot Bitcoin ETFs and futures markets. Investors are reconsidering their strategies against these possible movements and are monitoring the market carefully.
Despite the fluctuations in the market, some analysts state that there are positive signals for Bitcoin. Bitcoin has twice turned back from the critical support level of $ 52,000, creating a âdouble bottomâ formation on the daily chart. The strong buying pressure at these levels indicates that the selling momentum is weakening. In addition, the CCI indicator is also drawing a positive picture by showing a divergence in the upward direction.
My dear friends, do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is anyone who still does not follow me, I would be happy if they did. Please do not miss your likes on my articles and posts. Thank you.
