As the Federal Open Market Committee (FOMC) convenes today, Bitcoin’s price trajectory is under scrutiny, with investors bracing for potential volatility. Amid inflation concerns and anticipation over the FOMC’s decision, analysts predict a possible dip in Bitcoin’s price, notably highlighting the $60K mark as a pivotal level.
So, let’s delve into the insights driving these forecasts and what investors can expect in the crypto market landscape.
Analyst Predicts Bitcoin Price To Dip Below $60K
Ahead of the Federal Reserve’s monetary policy decision, Bitcoin’s recent retreat has stirred speculation among investors and analysts alike. While expectations lean towards the Fed maintaining its policy rates, attention pivots towards cues embedded in the dot plot, particularly amid lingering inflationary pressures.
For context, the latest U.S. Consumer Price Index (CPI) and Producer Price Index data showed that inflation is still at a higher level than market expectation, let alone
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