CandleFocus Here’s Bitcoin’s trading plan for this week; Interest rate cut incoming
2024-09-15
Author: Content Editor
The Federal Open Market Committee (FOMC) is set to meet and make an interest rate cut decision, which could impact finance markets and assets like Bitcoin. Crypto analyst CrypNuevo believes BTC will trade within a range before the meeting, potentially spiking to around $61,600 before experiencing a major crash. The expert predicts that this week will target high-liquidity zones and liquidate both long and short-position BTC traders. Other technical analysts also have a bearish bias, suggesting that Bitcoin could drop further before rebounding.
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