The US Federal Reserve increased interest rates by 75 basis points after the inflation data announced two weeks ago came above expectations.
The Fed announced that it had increased interest rates by 0.75% at 21.00 yesterday, and inflation was the last 3 months above expectations after staying aggressive rate hikes continued. In addition, Fed Chairman Jarome Powell, who made a statement on July 27 at 21.30, made the following statements:
I don’t think the US is currently in a recession. We will now take the decisions from meeting to meeting. It is likely that the impact of interest rate hikes is not fully felt. At the next meeting, we may make an unexpectedly large rate hike.
Many commentators and analysts believe that the cryptocurrency market That the market is pricing in a 75 basis point rate hike had stated. Bitcoin after the announcement an increase of almost 10% lived.
Bitcoin Technical Analysis
After the rate announcement 10% uptrend showing Bitcoin, at the time of writing 23,000 are at dollar levels. Bitcoin, which broke its falling trend hourly, seems to be on the rise. If Bitcoin’s correction stays above the $ 20600 level, a new “high bottom” and thus it can be said that it will continue to rise. As current resistance 24300 dollar levels up-to-date support It is the level of 21500 dollars.