The price of Bitcoin (BTC) ranges below the threshold of $ 107,000, and the canopy on the proposal limits further growth.
Meanwhile, the attention of traders is paid to the decision on the interest rate of the Federal Open -Minut Market Committee (FOMC) at the meeting on June 17/18.
Bitcoin -kioski below $ 107,000, since
The FOMC decision on the interest rate tomorrow is crucial after the CPI report last week (consumer price index). Beincrypto said that inflation increased in May for the first time since February.
Data on the Cme FedWatch tool show market prices with almost confidence in the absence of interest rates.
Against this background, the speculation has passed to thinner sources of liquidity, especially changes in the coefficient of an additional leftist (SLR), as a hidden trigger for the next crypto -bell launch.
“Bitcoin tried to take another high -range break, but could not move higher again. This is a resistance ~ 108 thousand dollars. The United States remains an important area for observation, and without a pure break higher, this is not the time to get excited again. Still in this larger range, ”said the analyst Daan Crypto.
While the Fed is expected to retain stable rates, since the chances of polymarket are given by 98% of the chances of the lack of changes in June and 84% in July, several crypto analysts are more focused on what is not said.
“There is no reduction in bets this week. Everyone observes a decrease in speed. But real liquidity comes from SLR, ”wrote Analyst Cointen.
SLR, or an additional lever coefficient, is a requirement of regulatory capital, which limits how many cans of exposure can have certain assets, especially treasury obligations.
SLR, not a decrease in speed, can cause the next crypto -deciduous wave
The liberation of this rule effectively gives banks green light to absorb greater debt, increasing market liquidity, without resorting to quantitative softening (QE).
Meanwhile, the mood of investors around the interest rates remain deeply divided, and the Fed -Chairman Jerome Powell still resisted political pressure from President Trump.
“The United States will be late again with a reduction in interest rates. But as soon as they begin to reduce bets … Cryptography will explode, ”said analyst Mr. Mr..
Recent comment to Chamate Palihapiti About everyone PODCAST Adds to speculation. Canado-American venture capitalist (VK) claimed that the fluctuations in the Fed’s ultimately are political.
“If a numerical excuse exists to reduce bets, and it has all these other positive external effects for the United States economy, why (you) will not do it? The only political answer, ”he said.
Referring to the VC, the All-in Podcast showed that the indicators of the federation reduction per 100 basic points (BPS), for which Trump protrudes, will reduce interest on public debt by $ 300 billion and stimulate economic growth by increasing borrowing and expanding GDP, despite potential inflation risks.
However, although the decision of the Fed can be predictable, the real action may follow the press conference of Jerome Powell. Even thin shifts in the tone can move markets.
“There is something else, which will be even more important than the decision to reduce bets.“ Press -Conference of Powell ”… If negotiations [in the Iran-Israel conflict] To occur before FOMC, the Fed may hint at the end of QE and a possible decrease in speed. In this case, the markets may rally, and Alts could download. Otherwise, it will be an event only for dump, ”Cipher X wrote.
In another place, Analyst Marty Analyst the party suggested that The law of genius, along with the decision on the percentage rate of FOMC, is another bullly fundamental for the price of bitcoinsField
“The accumulation of bitcoins Wyckoff Feb/June 16 – having entered the final stage. IMO: Genius Act or FOMC will be used as the narrative of the margin, ”wrote the party Marty.
Based on the Wyckoff market cycle, the asset prices switch to the marking stage after the accumulation phase, with a stable upward movement and increased purchase pressure.
This means the beginning of a potential ascending trend, where the price rises to new maximums.
The prospect of the price of bitcoins in front of FOMC interest rate decisioNot
TradingView data show that Bitcoin is traded at 106,700 US dollars at the time of writing this article, with a low demand zone from $ 101,461 to $ 105,923.
In this range, the buyer’s impulse is expected: the Bull volume profiles (green nodes) show that investors are waiting for interaction with BTC after it falls into this zone.
Increased purchase pressure can show that the price of Bitcoin will re -test the supply zone from $ 109,242 to 111,634 US dollars. A break and closing above the midline of 110,478 dollars at one day can set a pace for a new record high level for bitcoins.
And vice versa, if an increase in the pressure on sale, and the price of bitcoins falls below the average threshold of $ 103,529, close to this support can aggravate losses. Similarly, a bearish volume profiles (red bars or nodes) show that the bears are waiting to interact with the price of BTC around this price area.
Both with macro risks and technical pressure, traders monitor not only the Fed’s position.
