BITCOIN - Just Like the markets: Allergic to Rate Hikes
Federal Reserve time and the CME Fed Watch Tool estimates hikes in 2022 (0,75-1.00 at 29,5% probability).
Just like the indices, Bitcoin investors also seem worried about the upcoming reverse in monetary policy. A further correction could be in place.
On our chart you can find the key support levels. Hope they are helpful and work.
Buy stops at over 49,000 would be a wishful scenario but most likely a dip is expected before the next rise.
One Love and stay safe.
the FXPROFESSOR
Just like the indices, Bitcoin investors also seem worried about the upcoming reverse in monetary policy. A further correction could be in place.
On our chart you can find the key support levels. Hope they are helpful and work.
Buy stops at over 49,000 would be a wishful scenario but most likely a dip is expected before the next rise.
One Love and stay safe.
the FXPROFESSOR
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