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🚨 Crypto Market Sentiment Tense as Bitcoin Braces for FOMC ‼️Dont Miss‼️ Bitcoin is consolidating around $94,000 as traders await the Federal Reserve’s decision on interest rates and Jerome Powell’s guidance. Despite a high probability of a rate hold, market volatility is expected, with analysts watching key price levels for breakout or breakdown opportunities. Powell’s tone at the FOMC press conference could trigger significant market movements, with analysts divided on the impact of his remarks. 🌟 Quick Take: Despite the swirling fears, a breakout remains on the table. Bulls could get the green light if Jerome Powell strikes a more dovish tone or hints at cuts later this year. According to BitMEX co-founder and former CEO, Arthur Hayes, the Fed switching to quantitative easing (QE) could see Bitcoin price go parabolic. However, Bitcoin could revisit recent lows in a sharp unwind if the Fed doubles down on hawkishness. Ahead of the Wednesday FOMC meeting, the market is walking a tightrope, and all eyes are on Powell to decide which way it tips. Data shows Bitcoin was trading for $96,474 as of this writing, down by 0.16% in the last 24 hours. $BTC
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🚨 Crypto Market Sentiment Tense as Bitcoin Braces for FOMC ‼️Dont Miss‼️ Bitcoin is consolidating around $94,000 as traders await the Federal Reserve’s decision on interest rates and Jerome Powell’s guidance. Despite a high probability of a rate hold, market volatility is expected, with analysts watching key price levels for breakout or breakdown opportunities. Powell’s tone at the FOMC press conference could trigger significant market movements, with analysts divided on the impact of his remarks. 🌟 Quick Take: Despite the swirling fears, a breakout remains on the table. Bulls could get the green light if Jerome Powell strikes a more dovish tone or hints at cuts later this year. According to BitMEX co-founder and former CEO, Arthur Hayes, the Fed switching to quantitative easing (QE) could see Bitcoin price go parabolic. However, Bitcoin could revisit recent lows in a sharp unwind if the Fed doubles down on hawkishness. Ahead of the Wednesday FOMC meeting, the market is walking a tightrope, and all eyes are on Powell to decide which way it tips. Data shows Bitcoin was trading for $96,474 as of this writing, down by 0.16% in the last 24 hours. $BTC
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😱🚨🚨Crypto Market: What Nobody Tells You
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💥✨️✳️ Litecoin (LTC) Defies the SEC ETF Delay With a 10% Rally ‼️READ BELOW‼️ Layer-1 (L1) coin LTC is today’s top gainer, climbing 10% in the past 24 hours. The double-digit surge comes following a regulatory setback, as the US SEC delayed its decision on Canary Capital’s application for a spot Litecoin ETF. However, the current LTC token upward momentum may be on shaky ground as technical indicators suggest a potential bearish reversal. On Tuesday, after the SEC called for public comments on Canary Capital’s application for a spot Litecoin ETF, LTC plunged to a two week low of $81.03. However, the resurgence in trading activity across the broader crypto market over the past day has helped LTC rebound from this dip. It now trades at $91.68, with daily trading volume exceeding $850 million. But, there is a catch. Key technical and on chain indicators suggest a potential bearish reversal in the short term, as buyer exhaustion appears on the horizon. For example, despite LTC’s rally, its Chaikin Money Flow (CMF), which measures buying and selling pressure, has declined, forming a bearish divergence. Readings from the daily chart show that this momentum indicator is declining and poised to breach the center line. A CMF bearish divergence occurs when the price of an asset makes higher highs while the indicator makes lower highs. This suggests that buying pressure is weakening despite rising prices. The trend indicates a potential reversal or loss of upward momentum in the LTC market. Moreover, on chain readings show that LTC’s Network Realized Profit/Loss (NPL) is rising, indicating that coin holders are sitting on unrealized gains and may be tempted to sell. At press time, the NPL sits at 1.7 million. $LTC
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💥🔥🚨 Bitcoin Can Surprise Us Anytime Once Again This morning bitcoin hit $97 USDT once again and this is a sing of moving forward but few Altcoins showing something opposite to this sign but bitcoin move can bring them on right track). So get ready to experience the bitcoin price pump though this is not promised but thinking positive doesn’t cost money, right? After observing crypto market for years, it is my believe that bitcoin will hit $100k worth price value soon. $BTC
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