🟡 Bitcoin price wobbles ahead of Fed’s rate decision

Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.

The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.

According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.

Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.

🔺 Stagflation risk

Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.

The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.

Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.

Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.

A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.

$BTC #BTC #Bitcoin

hurry up
#btc
Entry short
entry 63500- 64200
take profit
61000
60000
59000
58000
56000

#BTC BITCOIN PRICE IN 2009💥🚀🚀
2009, not applicable 💸bitcoin birthday 💸
⌚2010:$ 0.004🚀
⌚2011:$0.5🚀
⌚2012:$ 7🚀
⌚2013:$ 14🚀
⌚2014:$ 740🚀
⌚2015:$ 299🚀
⌚2016:$ 930🚀
⌚2017:$ 13,799🚀
⌚2018:$ 3,650🚀
⌚2019:$ 7,345🚀
⌚2020:$31,630🚀
#⌚2021:$ 39, 250🚀
⌚2022:$ 47,566🚀
⌚2023:$ 78, 899🚀
⌚2024:$ 80k will be crossing
What's the next of peak
As the roller-coaster ride of bitcoin
Continues, everyone wonderes. How height will climb is next, with each surge and dip,
The crypto world holds and its breath
Anticipating the next big move
What's your predictions for bitcoin next peak ?

#btc #bitcoins

When I examine the 15-minute chart, Bitcoin continues its decline. The 1-hour chart continues to decline. When I examine the 1-day chart, the decline continues. When it comes to the last 4-hour chart, most people shared that it will rise. The 4-hour chart formed a chart similar to the bullish chart. It even created a bullish start. But I don't think it will continue like this. and red candles will form and continue to fall. #btc #bitcoin #halving #pepe #binance

Guys there will big pump to #btc and #altcoins. Bag now more in porfolio.

Within 48hrs many investors will jump to cryptocurrencies.

#DogecoinDay #Dogecoin #Dogearmy! LET'S GOOOOOOOOOOOOO 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🐾

GREENCANDLES is coming. 🐕💵💲🤑🌍📈💯

attention 🚨🚨🚨🚨🚨🚦🚦🚦🚦
#btc 🚀🚀🚀
entry price : 63635-63350
Target 🎯
1:64230
2:64720
3:65330
4:66200
5:67105
6:68100
SL:62850
#like_comment_follow
#BTC🔥🔥🔥🔥🔥
#AltSeasonComing 🐂🐂🐂🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

I noticed that bitcoin has formed a bottom similar to previous bottoms. When it went from 26 thousand dollars to 40 thousand dollars. Even the candlesticks at the old bottom are almost at the same level. Maybe they do this on purpose. but I need to see more declines on the monthly chart to realize a bull. good luck #btc #bitcoin #bnb #pepe #Binance

The maximum level that bitcoin can reach on the daily chart appears to be 66 thousand dollars. and according to the 1-day chart, the decline will continue #btc #bitcoin #bnb #Bitcoin❗️ #BTC🔥🔥🔥🔥🔥

🚨💸 ELON MUSK'S WARNING: A CURRENCY CRISIS LOOMS! 💸🚨

BREAKING NEWS: Elon Musk, renowned tech visionary, has sounded the alarm on the future of the US dollar, issuing a dire warning about its potential worthlessness amidst escalating national debt concerns. 📉

THE ALERT: Musk's stark prediction has reverberated across financial markets, emphasizing the looming threat of the dollar's collapse if immediate action isn't taken to address the mounting debt crisis.

URGENT CALL TO ACTION: His message serves as a clarion call for policymakers to enact swift and decisive measures to fortify the economy against impending turmoil.

WHY IT'S CRUCIAL?

1. ECONOMIC RAMIFICATIONS: The fate of the US dollar carries profound implications for global markets, international trade, and the overall economic stability of nations worldwide.

2. INVESTOR SENTIMENT: Musk's cautionary words are poised to influence market sentiment and may prompt strategic shifts in investment approaches as stakeholders assess the potential risks.

#ElonMusk #USDollarWarning #NationalDebt #EconomicAlert #btc
👍 Like | 💬 Comment | ↪ Share
@Professor Mende - Founder of BONUZ Project - in Dubai UAE

Share your thoughts: Is Musk's warning a prescient forecast or an exaggeration?

#BTC where are does qauck analyst who said that bitcoin will go down to 52k without breaking 64730k .
please know one should pressure you, trade and believe in your faith .
some many sold #btc in 62900. because of fear about dip predicted by the fake analyst . they are still regretting now that BTC is at 64400.

Are you profitable trader? 🤔

Most of us lost a lot in trading, and I have reached a point where I was thinking there is no way I will make money out of trading 📉

But learning in a hard way is always the best way to learn.

After losing and liquidation for multiple times 😭 I have concluded the following:

1- always trade small positions (a percentage not more than 5% of your capital)
2- Invest in trusted coins only (#eth And #btc )
3- Always learn from people who are better than you.
4- Patience is the #key 🫡
5- Always trust yourself and buy when people selling and desperate.
6- Lock profits when you can and always stick to the plan.
7- If you don’t have time for trading and watching the news then avoid day trading.
8- Copy good traders, binance copy trading feature is great.

At the end you need to control your emotions and don’t get obsessed in getting rich quickly, it’s a process that needs a good plan and discipline.

#follow me for more, if we get 100 likes on this post, I will post a great trade tomorrow.

Good luck 🍀everyone 💚

Now A days $PEPE is the most Famous & One of the most trendy Coin 🪙

It's Time to become Millionaire 🤑🤑 With This 🪙🪙🤑🤑

So I hope you understand That patience is most an extraordinary thing in Cryptocurrency.

so be patient and Enjoy Next Flight ✈️ Of $PEPE 🤑🤑

#write2earn #btc #PEPE❤️ #BinanceProfitPotential $BTC

🚨🚨🚨🚨ELON MUSK'S ALERT: 🚨🚨🚨🚨

🕵️‍♂️A CURRENCY CRISIS IN THE MAKING! 👀💰
👉BREAKING NEWS:⬇️
👉Elon Musk, the pioneering figure in the tech realm, has issued a stark cautionary note regarding the future trajectory of the US dollar, spotlighting its vulnerability amidst mounting concerns over national debt. 📉
👉THE WARNING:⚠️
Musk's recent pronouncement has sent shockwaves through financial circles, underscoring the imminent peril of the dollar's potential devaluation unless immediate steps are taken to tackle the escalating debt crisis.👀💰
👉CALL TO ACTION: 🏇
Musk's urgent message serves as a rallying cry for policymakers to swiftly implement robust measures aimed at shoring up the economy against the impending storm.
👉WHY IT MATTERS?⬇️🕵️‍♂️
⏩GLOBAL ECONOMIC IMPACT: The fate of the US dollar holds significant ramifications for international markets, global trade dynamics, and the overall economic equilibrium on a worldwide scale.
⏩ INFLUENCING INVESTORS: Musk's sobering assessment is poised to sway investor sentiment and could spur strategic adjustments in investment strategies as stakeholders weigh the associated risks.
#ElonMusk's #altcoins #BlackRock #MicroStrategy #btc

#BTC UPDATED 📌

Higher chances of fake breakout. Don’t open any long positions now wait for proper confirmation. If price holds level of 60k then only next move towards 70k otherwise 54k can be seen.

Trade what you see not what you think.

#altcoins #BlackRock #btc #MicroStrategy #eth

Attention ! Attention!! Attention!!!

Many of you are waiting for altcoins season which I think will never come, are you curious why I said so? Good , let me explain to you.

You and I are aware that there many institutions and new heavy weight investors who just delved into crypto and most of which are #btc investors.

The recent approval of #btc ETF means there will be no room for btc dominance to reduce rather it continues to soar higher leaving no room for altcoin holders, Some of you will be lucky your altcoin will go parabolic but this is not the case for the entire market.

We all know altcoin season is mostly triggered after btc dominance go below50% but the question is will that ever happen again after the approval of ETF? Seeing more fund being invested in btc on daily basis .

don't panic #btc $BTC
66k+ 💯

In my prediction #btc hit new high and new low coming

$BTC Looks like trendline resistance is broken and price was rejected from support. That’s bullish sign but lets wait Monday. #btc
Stay safe for now!

#btc $BTC
It Is Currently Trading In The Bullish Pennant Pattern, Which Is Bullish Pattern.
Once It Breaks Out And Retests Successfully We Will See Good Pump In BTC🚀

#btc went down again to 350 and now 600. Enjoy d jacpot....