🟠 Bitcoin could crash to $60k by the end of the year
Analysts at XWIN Research believe that if the Fed does not lower the rate in December, Bitcoin may get stuck in a sideways range between $60k – $80k.
➖Due to the shutdown, the U.S. Department of Labor is not publishing employment reports (, which often influence the decisions of the Federal Reserve ). ➖Without data, the regulator may act more cautiously.
According to FedWatch, the chances of a rate cut in December have dropped to 32%, although just a month ago they were nearly twice as high. If the Fed slows down, the market may stall along with them.
*According to the charts — the scenario has a high chance of coming true
What do you think, friends?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#FOMCMeetingMinutesComingUp
🟠 Bitcoin could crash to $60k by the end of the year
Analysts at XWIN Research believe that if the Fed does not lower the rate in December, Bitcoin may get stuck in a sideways range between $60k – $80k.
➖Due to the shutdown, the U.S. Department of Labor is not publishing employment reports (, which often influence the decisions of the Federal Reserve ).
➖Without data, the regulator may act more cautiously.
According to FedWatch, the chances of a rate cut in December have dropped to 32%, although just a month ago they were nearly twice as high. If the Fed slows down, the market may stall along with them.
*According to the charts — the scenario has a high chance of coming true
What do you think, friends?