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Showing posts with the label slow inflation

Bitcoin Price Prediction – BTC Could Fly Today if This Happens

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Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin has gained 0.7% in the last 24 hours, trading at $20,599 at the time of writing. Bitcoin is trading in the green today despite the Federal Reserve continuing with its hawkish stance after raising interest rates by 75 basis points again. Bitcoin price prediction Bitcoin is bullish today despite the US Federal Reserve hiking the interest rates again by 75 basis points. At the time of writing, BTC was already headed higher, and it has the potential to rally and possibly test the higher resistance at $20,800 before heading past $21K. In the last 24 hours, Bitcoin has traded sideways due to traders being anxious about the Fed’s decision on interest rates . During this time, BTC has traded between $20,382 and $20,705, showing a notable increase in volatility. Bitcoin has reacted to the decisions made by the Fed this year to raise interest rates as the crypto market becomes correlated with the s...