BITCOIN- Inflation is Better, Rates are ok, Let's go Powell

o,25% Rate Hike and this could potentially be it... or most likely almost it

Then again it's up to the FEDS and especially Jerome Powell and his statement at the FOMC Press Conference.

Jobs are ok,
Inflation has eased (thanks to cheaper Oil and Gas prices mostly)
GDP is also ok, in the US and China also
At the same time consumer spending and Homes sales is declining, a recession needs to be avoided

The democrats would prefer the easing.. will Jerome do them (and us, Bitcoin and crypto holders) a favor?


Why not!!!


What to expect?

1. A Dovish statement will push things higher. No more hikes or 'almost done with hikes statement' will help BTC look for 24-26-30k targets

2. A Hawkish statement like ' No celebrations, inflation still far away from 2% so we need to be strict' will push expectations lower for now and 22k support will need to be tested.

3. Most likely a mixed statement and a question-mark for what's coming next is the most likely scenario. 22-24 range will be the norm for a while until bulls and bears figure it out eventually.



What i propose?

BTC Only Long, i prefer to hedge with some short on Alts. I think the market is most likely ready for higher and Bitcoin will reach 30k this year..potentially 50k as well if the fundamentals go right.

One Love,

The FXPROFESSOR

ps. so we got the 3rd..markets don't seem to be spooked and a rise could be expected, to at least 24k