BTCUSDT | What to expect from bitcoin, what will December?
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From the technical side:
Earlier on the chart, I highlighted the gray zone as a strong local resistance, the asset managed to break above $16,800 and is trying to gain a foothold in this range. If the buyer can keep the $17,000 zone, then everything is unchanged, I expect a hike to $17,600-18,000 from these zones and I will consider a deal in SHORT.
From the fundamental side:
On yesterday's data from the FOMC, as expected, we saw a slight volatility, the head of the Fed, J. Powell, spoke positively about a possible slowdown in the key rate hike, that is, the Fed could cut the rate to 0.5 bp already at the December meeting, which is positive for risk assets. But also J. Powell pointed out that further rate increases would be appropriate to reduce inflation, in 2023 we expect an increase of 1-1.25% immediately
Let's hope that December will be green and MM and J. Powell will give us a gift for the new year Bitcoin above $20,000 by the end of this year
From the technical side:
Earlier on the chart, I highlighted the gray zone as a strong local resistance, the asset managed to break above $16,800 and is trying to gain a foothold in this range. If the buyer can keep the $17,000 zone, then everything is unchanged, I expect a hike to $17,600-18,000 from these zones and I will consider a deal in SHORT.
From the fundamental side:
On yesterday's data from the FOMC, as expected, we saw a slight volatility, the head of the Fed, J. Powell, spoke positively about a possible slowdown in the key rate hike, that is, the Fed could cut the rate to 0.5 bp already at the December meeting, which is positive for risk assets. But also J. Powell pointed out that further rate increases would be appropriate to reduce inflation, in 2023 we expect an increase of 1-1.25% immediately
Let's hope that December will be green and MM and J. Powell will give us a gift for the new year Bitcoin above $20,000 by the end of this year
