Bitcoin Price Prediction After US Fed Interest Rate Decision

After the publication of the decision Fed rate hikewhich strengthened the USD and ultimately caused the price of BTC to fall, trend for bitcoin price turned into a bear. Yesterday, before the negative reaction, the price of bitcoin rose to $18,400. After this, It is trading at $17,747, down 0.3% in 24 hoursand is close to an important support level with a possible rebound if prices rise above $17,550.

Global cryptocurrency market capitalization 1.42% down It will reach $857.98 billion on the morning of December 15th as a result of the rapid decline of major cryptocurrencies. During the last 24 hours, the total trading volume decreased by 14.40% compared to the previous day and amounted to 45.67 billion dollars.

Total DeFi volume is currently $2.94 billion, which is just over 5% of the entire 24-hour volume, and stablecoins have a trading volume of $53.26 billion.

The US Fed announced its Interest Rate Decision

wednesday, The Federal Reserve Board voted to increase interest rates by 0.5 points, less growth than in recent months. After an extraordinary year that included consecutive seven percent growth, the central bank decided to shift gears and raise low rates as part of an aggressive campaign to bring down the highest inflation since the early 1980s.

An interest rate hike approved by the Federal Reserve on Wednesday down from four consecutive three-quarter point increases approved at previous Fed meetings, but it was still twice as large as the central bank’s usual quarterly growth. It is likely to worsen the situation and cause financial damage to millions of American businesses and households by raising the cost of borrowing.

After this, interest banks buy from each other For day loans a 4.25-4.5% rangeIt is the highest indicator since 2007.

The Federal Reserve also released its long-awaited Summary of Economic Forecasts. These forecasts reveal each of its 19 leaders’ expectations for future interest rates, and investors look closely to them for signals about the path to rate hikes next year and beyond.

The midpoint “point” for the federal funds rate in the December forecast rose to a new high of 5-5.25% from 4.5-4.75% in September, indicating more aggressive monetary policy tightening. That means the Federal Reserve is now considering a 0.5 percentage point hike from its previous forecast three months ago.

Bitcoin price

With class this morning $17,747Bitcoin cashes in on Fed interest rate announcement sells 0.3% of its value with a trading volume of $26 billion on the last day.

Bitcoin Price and Tokenomics – Source: coinmarketcap

Despite breaking the critical resistance level at $18,150 yesterday, Bitcoin is currently trading lower. Bitcoin fell below $18,000 after the Fed announced a rate hike. This shows thatthe selling trend may continue.

Key technical indicators such as Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are currently in the buy zone. This could mean that the downtrend will be short-lived or turn into an uptrend, especially if the Bitcoin price can finish the Fibonacci retracement at $17,440.

The next major resistance level for Bitcoin is around $18,125 and a break above this level could lead to further gains and a price move towards $18,600.

Bitcoin Price Chart – Source: Tradingview

On the other hand, the $17,440 level could support the BTC price. This level used to act as resistance. A move below this level, on the other hand, could cause the price of BTC to fall to $16,850.

Dash 2 Trade (D2T) – Last sale

Today is the countdown for the project, he said Its initial listing on the centralized exchange will begin after the token sale reaches the $10 million milestone. If the $10 million goal is reached by the end of the Phase 4 presale, Dash 2 Trading will list DASH on CEX at the end of the presale.

Changelly Pro, LBank and BitMart are the first centralized exchanges to agree to list the token immediately after the sale ends. This news comes after the official confirmation of the third CEX listing agreement closed by the crypto project.

On Thursday, December 15th at 17:00 UTC, Dash 2 Trade community manager Trevor Main will answer all possible questions live on the Coinsniper Telegram.

Calvary (RIA)

Calvaria (RIA) is a blockchain-based game that allows players to collect, trade and battle with NFT-based cards. It is an earning game that allows users to play without cryptocurrency and allows them to reach a wider audience.

The RIA token will be used for purchasing and staking in-game items in its own ecosystem, giving it powerful leverage. The initial token sale raised just over $2.4 million and currently it is its fifth stage, which is the last one.

RobotEra (TARO)

RobotEra (TARO), another Ethereum-based platform, is a sandbox-style metaverse that will help players play as robots and create their virtual worlds. This includes creating terrain, buildings, and other game elements based on NFTs. The game also aims to allow players to connect with other metaverses and create an interoperable multiverse.

1 TAROT currently for sale 0.020 USDT (can be bought with USDT or ETH), but this price will drop to $0.025 before the sale. He has already raised over $553,000.

Find the best price to buy/sell cryptocurrency

Cryptocurrency Price Tracker – Source: Crypto news

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