Bitcoin pumps 5% ahead of the FOMC Meeting!
Hi HODLers, Hiveans and Lions,
Bitcoin and Cryptocurrency market are pumping ahead of the FOMC Meeting tomorrow! This is always great to see such bullishness before this meeting. We were north of $61k most of the day (up +5%)
Nevertheless, we should be cautious as positioning isheavy on the Bullish side.
- Significant BTC sell orders between $61,000 and $62,500 may cap further rally
"Investors are welcoming the prospect of a larger, more investor friendly Fed rate cut at tomorrow’s meeting, and yield differentials have moved out of the U.S. dollar’s favor as a consequence
This is a positive, if $ goes down versus other currencies as the FED lower interest rates, then this is bullish for cryptocurrencies as they are priced in $!
What are your thoughts? Are we going to moon tomorrow?
Let's see what tomorrow brings!
Stay safe out there,
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