Despite the good news from yesterday’s FOMC meeting, we’re seeing the usual post-speech dip
Out of the 7 FOMC meetings this year:
➡️ 6 triggered Bitcoin corrections ➡️ Only 1 created a short-lived pump
Classic “sell the news” event
That said, with Powell’s comments and the fact that the Fed begins purchasing Treasury bills tomorrow (December 12th), I still believe a potential rebound toward $100K by year-end is possible before we head lower
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Despite the good news from yesterday’s FOMC meeting, we’re seeing the usual post-speech dip
Out of the 7 FOMC meetings this year:
➡️ 6 triggered Bitcoin corrections
➡️ Only 1 created a short-lived pump
Classic “sell the news” event
That said, with Powell’s comments and the fact that the Fed begins purchasing Treasury bills tomorrow (December 12th), I still believe a potential rebound toward $100K by year-end is possible before we head lower