💵 The Fed's rate decision may cause bitcoin to rise to $170000
This was stated by market analyst Christian Cifoa.
📔 His analysis is based on parallels between the current market scenario and past Fed rate cuts. In July 2019, there was a rapid rise in BTC after the first rate cut - the asset went from $7400 to $14000 in a matter of weeks.
🇹🇰 Expert believes that the upcoming rate cut could have very different implications. He outlined 2 potential scenarios: the initial rate cut may cause euphoria, pushing BTC to $90,000-100,000.Then, given the impact of spot exchange-traded funds, BTC could fall into the $120,000 to $170,000 range and its market capitalization rise to $1.4 trillion. $BTC $SOL $ETH #binance #NFT #Web3 #Polygon
📉 Bitcoin may fall to $50,000 before a new growth phase
Analysts at 10x Research allow BTC to fall to these values before a new growth phase. This mark is considered as a fundamental value.
BTC will not be able to sag below this level, as most institutional investors entered the asset at about this value.
Weakening activity in the crypto derivatives market suggests that traders are withdrawing funds for fear of a pullback. In the past week, capital has been exiting spot bitcoin-ETFs. For example, on June 21 alone, net capital outflows from the market totaled more than $100 million.
After falling to $50,000, analysts at 10x Research expect bitcoin to enter a consolidation phase, which could prove to be lengthy. During this period, the cryptocurrency will not be able to break out of its narrow range.
Only after the return of a new bullish phase, BTC will be able to overcome the resistance around $70,000. $BTC $SOL $PEPE
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📉 Despite the slowdown in inflation in the US, the crypto market does not demonstrate rapid growth
It was expected that the decline in inflation to 3.3% (vs. 3.4% projected) and slowing price growth (3.4% vs. 3.5%) would prompt a key rate cut by the US Federal Reserve.
🔼 So far, this has not happened and the rate has remained in the 5.25-5.5% range. The Fed chief did not even rule out raising it, but this is not assumed in the baseline scenario.
According to K33 analysts, a loosening of monetary policy could take BTC to new price records.
At the same time, CryptoQuant fixes the decrease in demand for BTC from retail investors by 17% for the month.
Such a situation was already observed in January (with an 18% drop in demand), after which the value of BTC rose from $40,000 to $70,000. It's likely that history could repeat itself. #BNB #BTC #ETH #Ethereum #FjordTrader $BTC $WIF $ETH
$WIF is showing strong performance in the charts. It is all set to surpass the $4.80 level! Make sure you don't miss out on the excitement. $DOGE and $BOME are also experiencing significant gains, riding the positive momentum of $BTC .
Before, we've recorded a 2 x profit growth.
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Over the past 24 hours, the first cryptocurrency lost more than 3% in value.
📉 According to analysts, one of the reasons for the decline was a net outflow of $64.9 million from spot BTC-ETFs on June 10. This was the first cumulative net outflow in more than 19 trading days.
The crypto market could also be pressured by expectations ahead of important events this week - the publication of U.S. inflation data on June 11 and the Fed meeting on June 12.
🔼 Market participants do not expect interest rates to fall, predicting them to remain at 5.25-5.5%, but may be wary of the Fed chief's speech. $BTC $NOT #BNB $SOL #BTC #Polygon #binancebnb
Global growth is projected to grow at a CAGR of 3.1% in 2024 and 3.2% in 20252. This creates a favorable growth environment for STARK, especially given its role in improving the performance and efficiency of blockchain technology.
Price Prediction: 💰💰💰💰💰💰
While an accurate price prediction is not possible, STRK is expected to trade above the $16 level if buyer optimism towards this altcoin is high. This emphasizes the growing interest in STARK and its potential in the market. $NOT $STRK $ETH #Ethereum #Polygon #Web3 #BTC #FjordTrader
Given current trends and upcoming listings on exchanges, we can expect the price of SOLAMA to continue to rise. Investors and traders should closely monitor market news and analysis to determine optimal entry and exit points for positions $SOL $PEPE $NOT
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