🇺🇸 Bitcoin (BTC) reacts to the FED’s interest rate hike: Analysts are divided on what happens next
- Bitcoin fluctuated after the U.S. Federal Reserve (FED) raised rates by another 25 bps; at one point it dropped below $75,000 before recovering to around $76,400.
- Analysts are split on the future direction of the price; some, like Doctor Profit, still maintain a bullish outlook, while others, such as Ali Martinez, are preparing for the possibility of sell-offs.
- Traders’ focus has now shifted to the FED’s upcoming policy and economic indicators, as expectations of inflation and rate hikes will significantly influence Bitcoin’s path.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin fluctuated after the U.S. Federal Reserve (FED) raised rates by another 25 bps; at one point it dropped below $75,000 before recovering to around $76,400.
- Analysts are split on the future direction of the price; some, like Doctor Profit, still maintain a bullish outlook, while others, such as Ali Martinez, are preparing for the possibility of sell-offs.
- Traders’ focus has now shifted to the FED’s upcoming policy and economic indicators, as expectations of inflation and rate hikes will significantly influence Bitcoin’s path.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
