๐จ Bitcoin Faces 2022-Style Rate Hike Parallels ๐
The Federal Reserve has resumed tightening with a 25 bps rate hike, taking rates to 3.75%โ4.00% , its first hike in over three years.
Bitcoin is showing similarities to early 2022:
โข BTC is down roughly 40% from its recent high
โข In March 2022, Bitcoin rallied nearly 18% in 12 days after the first hike
โข That relief rally was followed by a drawdown of around 50%
โข Markets are pricing in further tightening ahead
Todayโs backdrop also includes elevated oil prices, rising bond yields and renewed inflation concerns.
Could Bitcoin see another short-term relief rally before facing deeper pressure?
One historical comparison isnโt enough to predict the next move.
#dyor #NFAโ
The Federal Reserve has resumed tightening with a 25 bps rate hike, taking rates to 3.75%โ4.00% , its first hike in over three years.
Bitcoin is showing similarities to early 2022:
โข BTC is down roughly 40% from its recent high
โข In March 2022, Bitcoin rallied nearly 18% in 12 days after the first hike
โข That relief rally was followed by a drawdown of around 50%
โข Markets are pricing in further tightening ahead
Todayโs backdrop also includes elevated oil prices, rising bond yields and renewed inflation concerns.
Could Bitcoin see another short-term relief rally before facing deeper pressure?
One historical comparison isnโt enough to predict the next move.
#dyor #NFAโ
