The Fed’s rate decision meeting is at 2 a.m. tomorrow. It’s fairly clear that there won’t be a rate hike. Bitcoin has already rallied ahead of the meeting, so it’s quite possible that it will fall during the meeting.
The resistance levels above are 820 and 827. If Bitcoin can break through 835, the odds of it dropping to 780 will decrease.
My forecast is that Bitcoin will rise to around 820, then fall to 780, rebound to around 810–815, then drop to around 760 before starting to rise toward 100,000.
This is shared for reference only and is not investment advice. Do your own analysis and take responsibility for your own profits and losses.
$BTC
The resistance levels above are 820 and 827. If Bitcoin can break through 835, the odds of it dropping to 780 will decrease.
My forecast is that Bitcoin will rise to around 820, then fall to 780, rebound to around 810–815, then drop to around 760 before starting to rise toward 100,000.
This is shared for reference only and is not investment advice. Do your own analysis and take responsibility for your own profits and losses.
$BTC
