Crypto Market Confined To Price Corridor As Bitcoin Remains Stuck In Price Maze
Portfolio Pulse from Murtuza Merchant
Crypto analyst Cryptonary predicts that Bitcoin (CRYPTO: BTC) will likely hover within the bounds of $34,000 to $35,600 in the immediate term. This prediction is based on the current market scenario painted by the Federal Reserve's latest remarks, which have injected a dose of uncertainty. The Federal Reserve's comments, particularly those from Neel Kashkari, suggest a more hawkish future stance than previously anticipated, which has had a subtle yet palpable effect on pre-market activities across major indexes and the Dollar Index.
November 08, 2023 | 8:20 pm
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Bitcoin is expected to hover within the bounds of $34,000 to $35,600 in the immediate term due to the uncertainty injected by the Federal Reserve's latest remarks.
The Federal Reserve's latest remarks have injected a dose of uncertainty into the market, which is reflected in the trading decisions facing investors. This has led to the prediction that Bitcoin will likely hover within a specific price corridor in the immediate term.
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