Posteo

Next week is an IMPORTANT week for the market, with the FOMC interest rate decision scheduled for Wednesday. Interestingly, all of the last 8 FOMC decisions have been followed by a corrective move in $BTC in the days that followed, with drawdowns ranging from roughly 5% to 30%. My base case is that Bitcoin continues consolidating between $76,000 and $82,000 until Wednesday. Following the FOMC decision, I expect a potential corrective move toward the $71,000–$73,000 area. $BTC