#BTCPrediction Bitcoin (BTC) may move sharply today. It could rise to USD 100,000 if Jerome Powell is more lenient in his stances than expected, or it could fall to USD 90,000 if the tone is tougher than the market wants to hear. But none of that matters too much if one looks at it with perspective. Deep down, bitcoin already knows where it is going.
As is the case before every decision by the Federal Reserve (Fed) of the United States, the market enters a phase of pause, expectation, and speculation. Bitcoin has been no exception. Yesterday, as CriptoNoticias detailed, it was trading around 94,000 dollars, with smooth movements as investors awaited the signals that Fed Chairman Jerome Powell would give today. There is speculation that there will be no rate cut this time, but what could move prices is the tone of the subsequent speech.