Crypto Analyst Predicts FOMC Meeting To Bring Volatility To Bitcoin, Anticipates King Crypto To Hover Between This Range
Portfolio Pulse from Mehab Qureshi
Bitcoin (BTC) is currently holding the $26,500 level as traders and investors anticipate the outcome of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting on September 20. The meeting will determine benchmark interest rates, with market sentiment expecting rates to remain unchanged. Analysts predict that Bitcoin's behavior will align with the status quo during the FOMC meeting, with BTC likely to trade within $25k – $27k in the short term.
September 18, 2023 | 11:57 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bitcoin is expected to remain relatively stable, trading within the $25k – $27k range in the short term, as the market awaits the outcome of the FOMC meeting.
The upcoming FOMC meeting is a significant event that could impact Bitcoin's price. However, market sentiment suggests that interest rates will remain unchanged, which is likely to result in Bitcoin trading within a relatively stable range in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100