Two crypto experts shared their crypto price predictions heading into the FOMC meeting tomorrow at 2pm ET and Jerome Powell's speech.
FOMC Crypto Price Predictions
With crypto prices falling in the past 24 hours - Bitcoin and Ethereum are down 3 to 4% - many traders are derisking, waiting on the sidelines and searching for crypto expert analysis online:
Crypto Chase
Crypto Chase (@Crypto_Chase, formerly @Chase_NL) has approximately 100,000 followers across Twitter and YouTube and correctly sold BTC at over $56k and ETH above $4k.
His FOMC prediction is for crypto prices to crash in a 'giga nuke' if a 100 bps rate hike is the outcome - which the market predicts has a 16% probability of happening.
If a 75 basis points hike is announced, he expects liquidity to be run in both directions - choppy price action and the usual 'Darth Maul candle' to stop out longs and shorts - before the long term crypto price move is decided by Fed chair Powell's comments.
Trading Tank
FOMC Thread:
1/8
...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...