Cryptocurrency Bitcoin (BTC) is breaking out of a tight range and moving towards the $70,000 mark. Altcoins are also slowly starting to compensate for their losses. While the pricing of the Fed meeting begins to have an impact on the crypto market, the road map will become clearer with the arrival of three-year interest median forecasts.
Bitcoin (BTC)
A sharp decline started from $72,000 on June 7. Although the unemployment rate was high, the 0.1% extra increase in wage increases and Non-Farm Employment coming in at 100 thousand above expectations triggered sales. The Fed will not want to magnify such small deviations.
It is known that the Fed will not cut interest rates in June, and the first cut is likely to occur in September. Investors will want to remain cautious with the inflation data to be announced on Wednesday.
Finding support from the 20-day EMA, the bulls maintain the $68,603 level. It is observed that lower levels are evaluated by buyers. If the bulls' scenario comes true, a move to the all-time high (ATH) of $73,777 and the main target of $80,000 could begin.
BNB Coin Price Prediction
BNB Coin broke the all-time record. While the move towards $800 is expected to continue, BNB Coin encountered selling pressure. During the US data, the price fell to $658 after pausing around $700.
BNB Coin managed to attract significant buyers at low levels. The target for BNB Coin is $775 unless there are closes below $635. There may be resistance at the $695 and $722 levels.
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I EXPLAIN IN DETAIL.
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