When Will Bitcoin Rise? How Will the FOMC Meeting Affect the Price? Famous Analyst Shared His BTC Analysis That Will Make Investors Happy!

Bitcoin And cryptocurrency The market is in an important week where critical decisions will be announced. The most important of these is undoubtedly Fed‘s interest rate decision and its aftermath Fed chairman Jerome PowellThere are statements to be made by .

BTC and the market is experiencing a general correction as it prepares for the FOMC meeting. While BTC price fell below $61,000 during this correction, analysts Ethereum (ETH) They foresee potential fluctuation for

At this point, while investors are worried about the continuation of the declines, popular analysts Michael van de Poppe expects BTC to rise after FOMC meeting stated.

Arguing that historically Bitcoin fell before the FOMC but rose again afterwards, Poppe said that the same pattern is happening now.

Poppe, who expects a further decline in Bitcoin with the impact of this week’s important events, said that within a week BTC’He claimed that he would reach the bottom. Poppe advised investors to buy BTC below $61,000 and wait for the rise.

“Massive macroeconomic week starts today.

I expect some further downward movements in Bitcoin, I think we will find the bottom within a week from now.

Take the liquidity below $61k and wait for an upward move from there.

There is a FOMC and ADP non-farm employment change tomorrow.

“Bitcoin usually falls before the FOMC and then turns up again, I think we will experience this price movement again.”

Bitcoin, which dropped to $60,700 during the day, continues to be traded at $61,240 at the time of writing.

Massive macro-economic week, starting today.

Expecting some more downsides #Bitcoin to be happening, after which I think we’ll find the bottom within one week.

Taking liquidity <$61K and rotate back up from there. pic.twitter.com/KZSbGksRfZ

— Michaël van de Poppe (@CryptoMichNL) April 30, 2024

*This is not investment advice.