Hi HODLers, Hiveans and Lions,
Bitcoin and Cryptocurrency market are pumping ahead of the FOMC Meeting tomorrow! This is always great to see such bullishness before this meeting. We were north of $61k most of the day (up +5%)
Nevertheless, we should be cautious as positioning isheavy on the Bullish side.
- Significant BTC sell orders between $61,000 and $62,500 may cap further rally
"Investors are welcoming the prospect of a larger, more investor friendly Fed rate cut at tomorrow’s meeting, and yield differentials have moved out of the U.S. dollar’s favor as a consequence
This is a positive, if $ goes down versus other currencies as the FED lower interest rates, then this is bullish for cryptocurrencies as they are priced in $!
What are your thoughts? Are we going to moon tomorrow?
Let's see what tomorrow brings!
Stay safe out there,