Why #fomc Meeting Today Is Important For #bitcoin
Bitcoin is confronting a pivotal resistance level at $44,000 ahead of the Federal Open Market Committee (FOMC) meeting scheduled for January 30-31. All eyes are set on the Fed’s interest rate decision tomorrow, which could affect Bitcoin’s price action. According to recent estimates from the CME FedWatch Tool, there is a 98% probability that interest rates will remain between 525-550 basis points, leaving only a 2% chance of a rate cut and effectively taking a rate hike off the table. Either way, Bitcoin could benefit from it. A pause in interest rate hikes can signal that the central bank wants to encourage economic growth, which often improves investor sentiment and risk appetite. Disclaimer – I Make videos for educating people so if you decide to invest after watching our video then we will not be liable for any profit or loss encountered by you in the process… Join our Telegram channel https://t.me/cryptoxcountry Instagram https://www.instagram.com/tradingcops... Join Twitter https://x.com/tradingcops?s=21&t=a3lX... price target, price prediction, ethereum, crypto news, crypto world, cryptocurrency, crypto, bitcoin news today, btc price, bitcoin price, btc news, bitcoin news, bitcoin, altcoins, 2021, best altcoins, best altcoin, eth price, technical analysis, altcoin season, ethereum crash, ethereum news, eth, ethereum price, bitcoin ta, bitcoin prediction, bitcoin crash, bitcoin breakout, news, cryptocurrency news, btc today, bitcoin manipulation, bitcoin analysis, explained, buy bitcoin Manta chaingpt gtbitcoin, bitcoin live, bitcoin now, bitcoin news today, bitcoin price today, btc technical analysis, bitcoin technical analysis, bitcoin elliott wave analysis, bitcoin elliott wave count, bitcoin price prediction, bitcoin technical analysis today, bitcoin prediction, bitcoin news, bitcoin price, bitcoin today, bitcoin price analysis, bitcoin analysis, btc, bitcoin crash, bitcoin chart today, btc news, btc price, bitcoin btc price, btc prediction, bitcoin drop today Fomc,
