Bitcoin and the $20000 price zone

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The bitcoin market for a while now is putting so many traders into some kind of confusion ,the market is not getting stable and it is making it more difficult to predict what next will happen on the bitcoin market or what the future holds..

It is not really a sweet time on the bitcoin market right now because the market is not even acting sweet at the moment..lol..

Well on the four hours chart, I can pick some bullish signals, and we might be seeing a strong bullish market in the next few hours

But
The FOMC news could just come around and turn the predictions around or go with the predictions.. if the aftermath of the FOMC meeting comes out positive then that would add more fire to the bullish signal and make bitcoin to rise more , but if the aftermath of the FOMC meeting is negative, then that could disrupt the bullish signals..

Many people are expecting the
75 bps rate to be announced by the FEDs and if it occurs the market would remain fine for now , but if they announce a 100 bps Rate then that could lead to chaos on the market during that moment and the bitcoin price might go lower to the $17500...

I believe the meeting will be a positive one and there will be a Bull trend on the market after the Meeting....

DYOR..

Posted Using LeoFinance Beta



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