Looking at this chart I can see a clear trajectory to 68k, though bulls may end up staving off that price until June when the Federal Reserve plans to meet and talk interest rates, which will most likely be lowered to stop the bleeding of the stock market. I predict, if they do, there may be a drop in BTC price right before the meeting so folks can get their discounted bitcoin.
from forbes.com/sites/digital-assets/2025/04/03/flood-the-market-major-fed-flip-predicted-to-blow-up-the-bitcoin-price/
That meeting is scheduled for June 17th and 18th.
Shorting isn't a crazy idea for now, while hedging on short term upswings until we hit 68k.
from forbes.com/sites/digital-assets/2025/04/03/flood-the-market-major-fed-flip-predicted-to-blow-up-the-bitcoin-price/
Now, as the chief executive of BlackRock warns bitcoin could end the U.S. dollar’s world’s reserve currency status, traders are betting the Federal Reserve will be forced to cut interest rates to stave off a U.S. recession—something that could see the market “flooded” with dollars.
BlackRock CEO Issues Huge $952 Billion Bitcoin Price Warning To The U.S. Dollar
Federal Reserve chair Jerome Powell is having to recalculate the need for interest rate cuts after ... More U.S. president Donald Trump followed though on his threat of global trade tariffs—potentially playing havoc with the bitcoin price.
Short-term interest-rate futures are showing a 70% chance of a Fed interest rate cut when it meets in June, up from about 60% before the tariffs were announced.
That meeting is scheduled for June 17th and 18th.
Shorting isn't a crazy idea for now, while hedging on short term upswings until we hit 68k.
I will be sharing updates on Twitter at
twitter.com/NCryptocoins
twitter.com/NCryptocoins
Disclaimer
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.
I will be sharing updates on Twitter at
twitter.com/NCryptocoins
twitter.com/NCryptocoins
Disclaimer
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.