🔥Bitcoin retreats ahead of the Federal Reserve meeting 🤔
The price of #bitcoin has been retreating since Monday, after failing to exceed $110,000 on Tuesday. This happens amid tensions in the Middle East and the upcoming Federal Reserve meeting.
With the Federal Open Market Committee (#FOMC ) meeting on Tuesday and Wednesday, even greater volatility is expected in the market, where the price of #BTC could reach key levels. The most notable aspect of this meeting will be the decision on interest rate policy on Wednesday.
According to Fedwatch, as well as the prediction market #Polymarket , there is a high probability that interest rates will remain between 2.25% and 4.5%. That said, market participants will also be paying attention to the speech given by Federal Reserve Chairman Jerome Powell after the meeting.
Do you think Bitcoin can break 112k this month and continue rising?
👉More crypto updates ...
Share and follow me for more 👈😎