20K retest after FOMC chatter this month(9/19), any takers?
Bitcoin Price Thread
- Thread starter Magna
- Start date
Boooooo!
Hahaha.
Can't see a significant pullback right now but who knows.Might have a breather.
I can easily see a significant pullback. For one... people finally realizing that high interest rates due to core-inflation is here to stay.
Better load up on your short position, but be careful Hawk Jerome may be ready to turn to Dove Jay to make the economy look great for election year 2024
YouHodler
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I agree with you that it is gonna be a delicate week. A pivotal FOMC week is here. Volatility in Focus: S&P 500's volatility is at an 80-day low. A similar pattern in 2020 led to a market shake-up. Is history about to repeat itself? FOMC's Stance: With rising pump prices & inflation, we could not expect rate hikes. The market hangs in a delicate balance as we await Powell's guidance. The Oil Factor: Keep an eye on oil prices. A break above $100 could set off a market-wide risk sell-off.
Bitcoin Watch: Sitting at $26k, Bitcoin might see a short squeeze due to Mt. Gox delay rumors. But global risks could quickly offset any gains. On-Chain Metrics: Short-term holders are mostly underwater. On-chain pricing models suggest we're at a market low. Proceed with caution.
Fed & Inflation: The U.S. economy's resilience gives the Fed some room for optimism. However, inflation is still ticking above the Fed's 2% target. Global Watch: The world is tuned into the Fed's decisions. Any surprises could have ripple effects, affecting markets globally.
Investor Behavior: A recent influx of new investors is a positive sign but lacks momentum. The market's bullish sentiment is weak but existent. While current indicators suggest calm, the underlying currents are complex and could shift rapidly. What's your take on this? Let's discuss!
Good call.Not necessarily for BTC just yet but good read for the market in general.
Seems obvious in hindsight but sometimes you assume that bad news is already built in.
Alright, my only CME Group Futures trades this year for Ethereum expires tonight. Looks like if things hold, I will have come out with profits of.... ONE WHOLE DOLLAR!
Time to celebrate. I'm moving up to the big leagues next. Obviously, I'm an expert now and know it all.
Time to celebrate. I'm moving up to the big leagues next. Obviously, I'm an expert now and know it all.