Bitcoin / TetherUSPanjang
Weekly BTC update
The layout on the 4H chart:
- In the short-term trend, a decline to 57,745 is expected.
- In the mid-term trend, a rise to 62,818 is anticipated, with consolidation above that level potentially leading to collection of liquidity above ATH, up to 74K
Key point: The Federal Reserve's decision on interest rates will be announced on September 18, 2024, at 18:00 UTC. The forecast is a 0.25% rate cut, though a 0.5% reduction is also possible.
Potential cut will boost growth of Bitcoin
- In the short-term trend, a decline to 57,745 is expected.
- In the mid-term trend, a rise to 62,818 is anticipated, with consolidation above that level potentially leading to collection of liquidity above ATH, up to 74K
Key point: The Federal Reserve's decision on interest rates will be announced on September 18, 2024, at 18:00 UTC. The forecast is a 0.25% rate cut, though a 0.5% reduction is also possible.
Potential cut will boost growth of Bitcoin
Nota
Any significant negative news could trigger an alternative Head & Shoulders (H&S) pattern, with targets at 54,459 and potentially further down to 51K. However, this scenario is considered unlikely due to the generally positive market conditions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.