Bitcoin and the US Federal Reserve Meeting | #BTCPrediction
Bitcoin movements are directly influenced by monetary policies, especially the US Federal Reserve's decisions regarding interest rates. When rates are raised, risk appetite in the markets diminishes, causing many investors to exit high-volatility assets like cryptocurrencies. Conversely, when the Fed hints at maintaining or lowering rates, momentum returns to Bitcoin as an alternative safe haven and store of value.
Today's Federal Reserve meeting is particularly significant, as it comes amid expectations of keeping rates steady, but observers are waiting for Jerome Powell's statements to gauge future direction. Any dovish tone could push Bitcoin past the resistance of $99,900, while a hawkish tone could increase market volatility