FOMC day is here and it’s a big one. BTC just crossed 117k thanks to the bulls jumping in. So what's gonna happen? Are we looking at new highs or lows today?
FOMC Day: What to Expect for Bitcoin?
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shard_2013Full Member
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#2Oct 11, 2021, 04:10 AM
This news is totally different from the usual stuff like the bitcoin ETF or trade wars. It can swing the market in just a couple of days. Some think it won’t budge at all... I can’t buy that. Short-term traders will see this as a chance to cash in.
I’m wondering how changes in interest rates will play into this. Is there a link between what the Fed says and BTC price? Past patterns say it’s possible, but we’ll see soon enough.
raven_2020Member
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#4Oct 11, 2021, 07:19 AM
Had to look up FOMC… turns out it’s the Federal Open Market Committee. No wonder we saw a spike recently. It’s all about that expanded quantitative easing, which is bullish for BTC.
I’m pretty sure they’ll cut rates today. Powell hinted at it before. The issue is what else he might say that could crash the market. I mean, people are hyping this up like it’s special, but it’s just the usual.
farm_atlasSenior Member
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#6Oct 11, 2021, 02:13 PM
The rise to 117k shows there's demand. But FOMC days can be sketchy. Big players often push prices to confuse smaller ones. If Powell's message is hawkish, we could see a drop. If it’s dovish, who knows, maybe a new record.
AtomicForkFull Member
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#7Oct 11, 2021, 08:29 PM
There’s always hype around Fed announcements, even when it’s already priced in. Looks like the stock market has reacted more than Bitcoin. But a positive announcement could spark some much-needed upward movement.
I doubt anything too wild will happen. Probably just some initial swings and then we'll end up where we started. The cut was basically priced in ages ago.
Seems like a letdown. We’re barely moving off the news, and if this is big, traders better brace for smaller bumps ahead.
I’m gonna say September looks bearish. Liquidity sweeps might happen before any real movement, but we’ve gotta watch how this week closes.
FOMC always has traders guessing. Market optimism can be misleading, but the bull run after halving is over, right? We might just be stuck in this consolidation phase.
I’m not into stocks, but I’ve heard Russell 2000 had some action. Still, with Powell's earlier hints, I expected something more from today’s meeting. Bitcoin’s still holding up, though.
Short traders are probably sweating it now unless they bailed early. Some are in profit, some are not. We just need to wait for more upward movement no reason to panic yet.
Fed's leaning our way; Bitcoin might catch a break today. Bulls are waiting for news to fill their bags. Good news could really kick off another bull cycle.
chris.novaMember
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#15Oct 17, 2021, 06:52 AM
Anyone still in a short trade is playing with fire. I always lock in profits before big news. Some say the upcoming rate cut will cause FOMO, and staying in a losing trade is just risky.
The market’s always hunting for liquidity, and volatility is about to skyrocket. They’ll drive up or down before any real result shows up. Bitcoin’s on a roll, and global interest in it is good news.
ben.matrixNewbie
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#17Oct 17, 2021, 04:03 PM
This is gonna be wild. From zero to hero, Bitcoin's got the spotlight as the world turns to new monetary policies. We're in for an interesting show.