From TradingView · · 50s
FOMC Bitcoin Rate Hike Impact
FOMC rate hike could trigger Bitcoin price drop as markets price in 92% chance of 25bps hike.
In brief
FOMC rate hike could trigger Bitcoin price drop as markets price in 92% chance of 25bps hike. Bitcoin may fall to $73,300 if Fed hikes rates and breaks $75K support level. Originally reported by TradingView.
FOMC Meeting Today
September 16 US Federal Reserve meeting releases interest rate decision.
Rate Hike Probability
92 percent chance of 25 basis points rate hike according to CME FedWatch.
Bitcoin Price Drop
Bitcoin fell from $79,590 to $74,880 breaking $76,000 level.
Market Reaction
Market already priced in 25 bps rate hike before FOMC meeting.
Bullish Scenario
BTC holds $75,000 and reclaims $76,000 before FOMC.
“we could potentially collect some decent liquidity, at $76,219 and $75,538, respectively”
Bearish Scenario
BTC breaks $75,000 support level before FOMC.
The bottom line
Bitcoin may fall to $73,300 if Fed hikes rates and breaks $75K support level.
