Bitcoin Price Prediction This Week, SEP 15-21: Will the Fed Rate Cut Spark a Rally?
The post Bitcoin Price Prediction This Week, SEP 15-21: Will the Fed Rate Cut Spark a Rally? appeared first on Coinpedia Fintech News
The crypto market is heading into one of its most important weeks of the year. All eyes are on Bitcoin price as the U.S. Federal Reserve prepares to announce its decision on interest rates on September 17.
Meanwhile, analyst CrypNuevo believes these events could trigger a massive rally for Bitcoin, while altcoins are already showing signs of gaining strength.
Bitcoin Slows Ahead of Fed DecisionCrypto analyst CrypNuevo says markets often go quiet before big economic news, like the Federal Reserve’s rate decision. He calls this the “spectator effect,” where traders wait and watch instead of making big moves.
Right now, Bitcoin is showing the same pattern. It’s moving in a tight range between $114,000 and $115,577, which suggests traders are staying cautious. Many prefer to hold back when they’re unsure how prices might react.
On the basis that Monday and Tuesday could be boring days in the market… Wednesday should actually be very volatile.
Many traders are expecting it to be a sell-the-news event.
I disagree and in my opinion, we could see something like this on Wednesday during FOMC. pic.twitter.com/S5YkGyI9Ld
