- Bitcoin’s price could target liquidity above or below key levels, keeping traders on edge
- The Fed’s interest rate decision at 19:00 GMT could trigger significant volatility
- Scenarios are in play, but Bitcoin’s unpredictable nature remains a factor—stay flexible
Yesterday’s analysis gave us a roadmap of sorts—a possible liquidity hunt above, a move to create a new all-time high (ATH), and then a dive to grab the liquidity sitting below.
Now, things are heating up, and Bitcoin’s price action is like a suspense thriller, keeping traders guessing.
Right now, the waters are murky. It’s not crystal clear where Bitcoin wants to head next.
Adding to the uncertainty, we have the Federal Reserve’s interest rate decision at 19:00 GMT, which is expected to inject a hefty dose of volatility into the market.
Scenarios to Watch
Let’s break it down. Bitcoin could still play the liquidity game:
Short-Term Bullish Scenario:
Before heading down, the price might go on a hunt for the liquidity above. This could mean a short-term pump, potentially enticing traders into thinking the market is going long.
Short-Term Bearish Scenario:
Alternatively, Bitcoin could take the opposite route, dropping first to grab the liquidity that has been lingering below for quite some time. After that, a bounce could be in the cards.
No Certainties, Only Possibilities
Here’s the truth: no one has a crystal ball. Bitcoin is known for its unpredictable moves. It might follow the scenarios outlined above, or it could chart an entirely unexpected course. That’s the nature of this beast.
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