BTC Important Price Alert!!!
As we have seen on 7th November 2024 FOMC meeting never shows some good impact on overall US economy so inflation rate is decrease and unemployment rate also decrease by 2%, so US economy is not stable at the moment and 2% increase and 2% decrease, so economy is not growing that's why today we have seen bitcoin stable, not up not down, just in between 75.5-76.5k overall.
In my recent post i have mentioned that btc never pump due to uncertainty in FOMC meeting, now authorities realise this situation and not be able to take action about this, still crypto overall market data increase by around 1.5% overall so we just say that whales take over market at the moment, at any time when whales withheld market then btc dump so massive but not below 71k, if today btc price close below 75300 then we have seen 2-3% decrease in btc value but if btc close above 76k then we have seen some big upside movement, whales movement shows that they trap market, market still in bullish form but this is not perfect value of bitcoin, market is in overbought condition as RSI index is above 70, some big movemrnt happend in market, hope so today market goes down because btc rejected by many companies.
Microsoft is a good profit making company, before election and fomc meeting they show lot of intrest in Bitcoin but after election they reject btc, and also more companies shows lack of intrest in crypto market. At the time of election btc increase their supply of coins because Trump govt and mircosoft want to buy BTC and hold btc in their reserve but they notice that BTC still on it's peak and overbought condition so they stop to buy btc as a result btc pump just because of whales movement, whales who want to trump wins and trap small traders, after some increase when all market buy btc at peak then they withheld market and liquidate more then 600 million usdt. (Continued) wait for next post.
#BIOProtocol #FedRateStrategy #MicrosoftBitcoinRejection #Trump47thPresident #bitcoin☀️
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