Analysts expect a recovery in the markets, after the FED stated that it will raise at least 3 interest rates in its roadmap for 2022 and that it will end its bond purchase policy.
Most analysts believe that the bitcoin price will fall in 2021. 100 thousand dollars waiting for it to arrive. Bitcoin hits all-time high 69 thousand dollars However, analysts see the current price movements as an optimal accumulation shadow that their predictions are still valid.
Due to the Fed’s meeting this week, volatile price movements were seen in bitcoin last week. In the meeting that concluded yesterday, the Fed’s current fixed interest holder, in 2022 3 interest rate hike and gradual reduction in bond purchases After the announcement, the market eased a bit.
After Powell’s statements, reaction purchases took place in bitcoin and are currently $48,700 trading levels.
Investor and John Wick He shared a chart with the alias Twitter user examining the price movements of bitcoin over the past 2 weeks. wick, 46,588 support zone works well and in its current price range “strong support zone” stated that.
Wick:
We can see that the volatility is increasing. My expectation is for the price to tighten while maintaining the current support. Then, by performing a breakout, he can make a similar move in July.
shared information.
Twitter phenomenon, independent market analyst Rekt Capital, He said that the 38% pullback that bitcoin has experienced since its all-time high is an expected move, similar moves have been seen in previous bull seasons, but prices have risen even higher after the fear. In addition, the phenomenon cited the 53% decline in May as an example.
Investor and Crypto Ed_NL Twitter user alias has similarly shared a chart that expects the bitcoin price to rise in the coming weeks.
Crypto Ed_NL with the chart he shared:
My expectation for the coming hours: I expect the price to touch the green zone before the FED statements, and a rapid rise after the statement.
said.
Twitter user and crypto investor Crypto Bull God On the other hand, he approached from a different perspective and shared a chart stating that the current movement of bitcoin is similar to the price action it made before the rise that took place in September.
In his tweet:
I’ve been looking at this chart for a few days. I am not saying that Bitcoin will make this move for sure, but it is definitely in a similar structure to September.
shared their ideas.