I think this unstable outlook on Bitcoin will change after Powell's statements on Wednesday evening. There will be no surprises in the interest rate decision, but it is important what statements Powell will make.

If Powell makes dovish statements on Wednesday evening, Bitcoin will want to quickly test the resistance of $ 67 thousand and altcoins will also take a breath. If 67 is broken, the door to new ATHs will open on the BTC side. Altcoin investors will also be relieved.

If Powell's statements come in a hawkish tone, the door to 59 thousand dollars and then 50 thousand dollars will be opened for Bitcoin, in which case I don't even want to think about altcoins.

I am on the positive side. I do not agree with those who think that the Fed will close the year without reducing interest rates. High interest rates do not only affect inflation; It has negative effects on many areas such as growth, unemployment and banking. We all saw how rising interest rates last year caused crises in the US banking sector.

This year, the door to some form of relaxation will open; Don't worry.. Keep waiting for the lodge..

-Oytun Es