What should you expect for Bitcoin with today's big FOMC mee | CryptoMelo on Binance Square

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What should you expect for Bitcoin with today's big FOMC meeting?
Well, look at what happened after our last rate cut in 2020 👀$BTC #Token2049 #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #BinanceTurns7 

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#SUI/USDT ANALYSIS SUI has broken out of the descending channel with strong volume, signaling a potential shift in momentum. However, it's currently facing resistance from the Ichimoku Cloud, which has rejected further upward movement. A retest of the channel's breakout level is possible, and a successful break above the Ichimoku Cloud resistance could confirm the start of a bullish trend.$SUI #TON #DOGSONBINANCE #PowellAtJacksonHole #SUI🔥

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The next time we touch 72-74k region It wont be rejected like in the past We will see a breakout to 80k easily So far 4 rejections, fifth is breakout #BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament #Megadrop #Ethereum_ETFs_Expected_Date $BTC

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Historically: $BTC rally after halving with new ATH. But this time it was different. We went down, not up. Is it over for Bitcoin? Were $73k the forever high? Here's Why it happened and When will $BTC hit $100k 🧵🔽 The 4th $BTC halving has occurred, marking a unique milestone with significant institutional investment participation ($BTC ETF) for the first time. Historically, Bitcoin halvings are linked with a notable event — a subsequent rise in $BTC price, typically observed post-halving. As for the 2024 Bitcoin halving, while it remains to be seen if it will follow this established pattern, there are already noticeable differences. Since the 1st Bitcoin halving, the rate of new Bitcoin creation has decreased, but demand has continued to grow. Despite Bitcoin's status as the largest crypto by market capitalization and its pioneering role, it appears to have fewer users compared to the broader financial ecosystem. According to Technopedia, ~2.7% of the global population is estimated to own Bitcoin as of 2024. In contrast to previous cycles, where significant price increases typically occurred after the halving, this time there has been notable price appreciation leading up to the halving itself. We thought post-halving price should be much higher ⇾ We all bought before halving. One of the notable distinctions of the 4th Bitcoin halving in 2024 is the extraordinary price growth observed before the event. In the previous Bitcoin halving cycle in 2020, Bitcoin did not surpass its previous ATH of $20,000 until about 10 months after the halving event. Some experts, like investment researcher Lyn Alden, believe Bitcoin could reach new highs in 2024 due to factors beyond just the halving and US ETFs. 99% of experts still believe in 2024-2025 rally to $100,000 at least. #CPI_BTC_Watch #SOFR_Spike #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS #BinanceTournament

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#BTC chart to break on the downside? I know this pattern is for trend continuation and we are in short term downtrend. But don't worry We have multiple evidences that the market is going up very soon GERMANY OUT OF BITCOINS The sell pressure for Bitcoin from big holders is relatively nil. The price saw a dip to $54k support which was backed really strongly by the bulls INCREASING ETF INFLOWS Total inflows since July 8 is close to almost 10k for BTC. While some were selling the ETF news has kept everyone really positive. BLACKROCK ARE BUYING MORE When such big giants are buying more there is no need to be worried. The recent purchase from #BlackRock is over 2000 Bitcoin MARKET CYCLE HISTORY When we speak of the bearish nature of ascending triangle, its worth noting that they can break on the other side especially when other factors are strong The Market is yet to peak and the long term plans of holders can easily dominate short term EXTREME FEAR IS BULLISH When we are in a larger uptrend, the best opportunities are there in short to medium term dips where the fear is the most. This is the area where big players come in and sell pressure is heavily reduced BULLISH DIVERGENCE The confirmation of this event last week has been pretty useful in the short term. This signal popped up in October 2023 where #BTC finally made new high after a breakout. Something similar is possible once again Standard Chart Patterns are there to be taken seriously but we have to understand that they can only give us an idea. There are multiple factors which play a strong role and we should be aware about them Follow @CryptoMelo for more #BinanceTurns7 #BinanceTournament #Megadrop #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown

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