Bitcoin RSI breakout on a Weekly
On the daily timeframe, we are moving upward following the Bull Cross on the MACD, while on the weekly timeframe, a potential breakout is forming on the RSI.
Of course, it’s essential to wait for confirmation in the form of a weekly candle close, and tomorrow’s events could play a significant role in this.
On September 18, the U.S. Federal Reserve meeting is expected to bring a rate cut. The community is divided, with some predicting a 25 basis point cut, while others expect a 50-point cut. The last time there was a 50-point rate cut (in 2020), it sparked a bull market. Meanwhile, U.S. Senator Elizabeth Warren is calling for a 75 basis point cut...
But is this really a positive signal?
How the market will react—we’ll see tomorrow!
Why the Fed Rate Impacts the Crypto Market
The Federal Reserve's base rate is the interest rate that banks use to lend to each other for short-term loans.
A lower rate makes loans more accessible to market participants, while a higher rate means access to capital becomes harder and more expensive.
Thus, the Fed rate impacts financial markets. When money becomes more available (with lower rates), participants are more inclined to take higher risks, investing in stocks, commodities, and other assets—including crypto.
Of course, it’s essential to wait for confirmation in the form of a weekly candle close, and tomorrow’s events could play a significant role in this.
On September 18, the U.S. Federal Reserve meeting is expected to bring a rate cut. The community is divided, with some predicting a 25 basis point cut, while others expect a 50-point cut. The last time there was a 50-point rate cut (in 2020), it sparked a bull market. Meanwhile, U.S. Senator Elizabeth Warren is calling for a 75 basis point cut...
But is this really a positive signal?
How the market will react—we’ll see tomorrow!
Why the Fed Rate Impacts the Crypto Market
The Federal Reserve's base rate is the interest rate that banks use to lend to each other for short-term loans.
A lower rate makes loans more accessible to market participants, while a higher rate means access to capital becomes harder and more expensive.
Thus, the Fed rate impacts financial markets. When money becomes more available (with lower rates), participants are more inclined to take higher risks, investing in stocks, commodities, and other assets—including crypto.
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