From previous analysis, BTC on target and Hit Fibonacci Extension 1.272 at $108.000 And rejected from this area
For now, BTC need pullback before continuing rally
You can see pullback area at : - Fibonacci Retracement 0.236 - Fibonacci Retracement 0.386 - Fibonacci Retracement 0.5
Be cautious with your decisions, especially for 2025, as the Dec 2024 Summary of Economic Projections release has impacted the market. Macro economic conditions are solid, but the Fed's decision left the market disappointed.
After release Summary of Economic Projections Dec 18 FOMC, market was disappointed since The Fed's forecast cut rates only 2x or maybe just 1x (3.9) instead of 4x as SEP projected in September (3.4).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.