Minutes after Fed Interest Powell will begin its statements that will explain its decision and Powell markets. There is no meeting until September and the first discount is hoped to begin in September. If Powell does not give the desired messages, this may bring more decrease in crypto currencies. So what do the latest market forecasts point before the Fed?
Fed and Crypto Coins
Eth On the limit of $ 3,800 and BTC 118 thousand dollars below. Investors are excited and hopes that Powell will get rid of the stubbornness of “I don’t download interests” anymore. Today, Trump said that while re -downloading interest rates, Bessent said, “We respect the independence of the Fed as the White House”.
Michael Poppe shared the current graph shortly before the interest rate decision and said; Crypto investors’ application – the reason will surprise you!
“We come to the final stage of this range and there will be a series of events:
– Monthly closing
– Tonight FOMC Meeting
Bitcoin
$117,959.83I don’t surprise me to have a real movement in the opposite direction after a false movement in one direction. ”
In other words, when the price runs quickly in a direction, it may paint you to fall after it. Poppe says exactly. Fed weeks look like a bilateral sword many times we have seen it. Fast decrease and fast rise. Or the opposite. As I have expressed the details of the Fed for days, we are in a moment beyond the interest rate decision and there are different developments waiting for us in August, such as Trump’s climbing the Russian tension. Time will see what will show us. Trump’s economic staffs mentioned the scenario of recovery and decrease in uncertainty in the economy as of the second half of this year. They said this 2 quarters ago and it’s time to find out if they were right.
Daancrypto wrote;
“There is a very strict consolidation in this range. FOMC It will be collected after 2 hours. We will see if Powell will give any clues about the next FOMC meeting in September. Currently, the probability of interest reduction at this meeting is priced as 60 %. ”
Vet coin price estimation
One of Poppe’s favorite subcoins Vet coin And he hasn’t given what’s desired for quite a while. Although there were some rise attempts, they were limited, and the analyst says it would have more. Poppe, which recommends Stabing while waiting, believes that the price approaching the key point that needs to be broken can start a quick upward movement.
In the possible decrease, the support may move at $ 0.0192 and upward fracture when the price starts to $ 0.081 and $ 0.119 with closing over $ 0.03. This means a great earning potential.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
