HomeUncategorizedBitcoin $30K bets greet FOMC as analyst warns over long liquidations By Cointelegraph

Bitcoin $30K bets greet FOMC as analyst warns over long liquidations By Cointelegraph

March 22, 2023

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© Reuters.

(BTC) may “take out shorts” to crack $30,000 during the day’s key United States macroeconomic policy updates, analysis says.

As bets pile up over how BTC’s price will react to the Federal Reserve’s decision on interest rates, $30,000 is in sight — but a drop to below $20,000 is not off the table.

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
annotated chart. Source: Crypto Tony/Twitter
BTC/USD annotated chart. Source: Michaël van de Poppe/Twitter
CME Group Bitcoin futures 1-day candle chart. Source: TradingView
Bitcoin liquidation levels annotated chart. Source: Justin Bennett/ Twitter