๐จ Bitcoin at a Turning Point: All Eyes on FOMC & China Tensions ๐บ๐ธ๐จ๐ณ
Bitcoin is hovering around $104K as the market awaits the upcoming FOMC meeting on June 18 ๐. The big question: will the Fed pause interest rates or bend under political pressure? ๐๏ธ
Meanwhile, US-China trade tensions are heating up again ๐ฅ. A new deal excludes rare earths used for military, giving China more leverage โ๏ธ. This geopolitical tension adds pressure on the crypto market too ๐ฃ.
Despite the uncertainty, BTC whales and retail investors are holding tight ๐๐ค. Over 550,000 BTC have been withdrawn from exchanges, reducing supply ๐.
Experts believe Bitcoin could either surge past $112K ๐ or drop near $97K depending on Fed Chair Powellโs comments and Chinaโs next move ๐ง ๐ฌ.
๐ In short, macro forces, not just charts, are driving Bitcoin right now. Stay alert. Stay informed. ๐งญ๐