Pre-FOMC Tension: Will Bitcoin Repeat Its Post-Cut Pattern?
Bitcoin is holding firm above the $92,000 level after rebounding from last week’s dip toward $90,000, offering bulls a brief moment of relief. Yet despite this stabilization, market sentiment remains decisively bearish, with many traders expecting further downside unless a clear shift in momentum emerges. The timing couldn’t be more crucial: the Federal Reserve’s upcoming […]
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Bitcoin Price Key Highlights. As predicted in an earlier article, bitcoin price was hit by profit-taking during the FOMC statement, as the US central bank decided to hike interest rates for the first time in nearly a decade. Price is now testing the rising trend line visible on the 1-hour and 4-hour time frames and may be due for a bounce. Reversal Pattern? The 100 SMA is still above the longer-term 200 SMA, which means that the path of least resistance is to the upside. However, a downward crossover is looming so a reversal could also be possible if that happens. In addition, a complex....
Bitcoin started the week attempting to reclaim the $92,000 level, a move that hints at early signs of recovery after weeks of volatility and uncertainty. This renewed strength arrives at a critical moment for global markets, as investors turn their attention to one event: the upcoming FOMC meeting. According to a new CryptoQuant report by […]
Dogecoin is once again in the spotlight after analyst ETHERNASYONAL shared a new post on X about the coin’s next move. In his post, he shows that Dogecoin is now in its 3rd market cycle, and the pattern looks a lot like what happened before the last two big rallies. He says Dogecoin is moving in the same rhythm as before, showing signs that it could be getting ready for another substantial rise. But this time, he points out one big difference, the timing. According to him, history doesn’t really repeat itself; it just continues in rhythm. The setup looks the same, but the next move might....
Yesterday’s FOMC meeting of the U.S. Federal Reserve (FED) brought less volatility to the Bitcoin market than many experts had expected. The Bitcoin price moved in a narrow range during and after the meeting. Ultimately, the Fed raised interest rates by 75 basis points, as expected. The FOMC statement said the Fed would “take into […]
Bitcoin and the entire crypto market are currently waiting with bated breaths to see the outcome of the FOMC meeting. The United States Federal Reserve Open Market Committee (FOMC) meeting began on Nov. 1 and the market now waits patiently for the decision of the Fed. In the last couple of months, the FOMC meeting […]