🚀🚀Uninterrupted, No Bitcoin Surge: FOMC and SLR Speculations Shake Crypto Markets 🚀🚀
The price of Bitcoin (BTC) is trading just below the $107,000 level and upward movement is limited due to oversupply. Traders are closely watching the interest rate decision and possible liquidity changes to be announced after the U.S. Federal Open Market Committee (FOMC) meeting scheduled for June 17-18.
According to analysts, regulatory changes like the Supplementary Leverage Ratio (SLR) could trigger the next crypto bull run by increasing market liquidity instead of directly lowering interest rates. This situation could create more buying pressure at Bitcoin's current price levels.
While the Fed is expected to keep interest rates steady, investors' attention is focused on Jerome Powell's press conference. The statements made during this meeting could significantly impact market sentiment. Analysts predict that a possible change in Powell's remarks or a new liquidity strategy could drive Bitcoin prices upward again.
From a technical perspective, a sustained close above the $107,000 level for Bitcoin could signal the beginning of a new bull trend. However, it is noted that investors should remain cautious without a clear breakout above this level. In particular, the support level around $105,000 is crucial in case of a potential pullback.
Bitcoin's price movements are shaped by both technical analysis and macroeconomic factors. Traders plan to adjust their strategies accordingly by closely monitoring the decisions announced after the FOMC meeting and Jerome Powell's remarks.
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