2024

bullish

Bitcoin

The final interest rate decision for 2024 will be announced today. 
While the FED's critical interest rate decision and FED Chairman Jerome Powell's statement are awaited in Bitcoin (BTC) and global markets, Singapore-based cryptocurrency company QCP Capital shared its expectations for the FED and Bitcoin. 
QCP Capital analysts said in their daily analysis that they expect the Fed to make a 25 basis point cut and the statements to carry a slightly hawkish tone. 
Analysts said that Fed Chairman Powell's statements would not provide a definitive path for further rate cuts in 2025, and that they expected Powell to emphasize the difficulties that would arise if the Fed accelerated rate cuts. 
Analysts added that under current conditions, they expect the FED to make three interest rate cuts in 2025. 
<blockquote> 
 “The final Fed meeting of 2024 takes place tonight and despite the festive Christmas season, we see little reason to celebrate. 
 The Fed is expected to cut interest rates by 25 basis points at this meeting. 
 “We expect tonight's statement to carry a slightly hawkish tone, reflecting U.S. inflation holding above the Fed's 2% target and a strong labor market.” 
</blockquote> 
<h2 id="what-to-expect-in-bitcoin">What to Expect in Bitcoin?</h2> 
Analysts who also evaluated the Bitcoin and cryptocurrency market stated that liquidity in the markets has decreased and that this situation could cause major liquidations and sudden and sharp movements. 
Analysts pointed out that Bitcoin is showing a downward trend on the daily chart, and underlined that these declines will be short-term and that panic should not be acted upon. 
Analysts stated that 2025 will be a bullish year for Bitcoin and cryptocurrencies, and that maintaining current positions will be profitable in the medium and long term. 
<blockquote> 
 “The technical outlook for BTC looks cautious, with BTC trending bearish on the daily timeframe. 
 If there is a decline, do not shake your positions. 
 With 2025 expected to be a potentially bullish year for cryptocurrencies, it may be worth staying the course, especially with Trump in office.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analytics-firm-announces-its-predictions-for-todays-fed-interest-rate-decision-and-bitcoin-btc-up-or-down/">Analytics Firm Announces Its Predictions for Today's FED Interest Rate Decision and Bitcoin (BTC): Up or Down?</a>

Analytics Firm Announces Its Predictions for Today's FED Interest Rate Decision and Bitcoin (BTC): Up or Down?

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