Bitcoin 
$86,950.13 its price is heading towards $99 thousand and Apple just announced new layoffs. During the days when the USA focused on inflation, it did not care about employment and the unemployment rate reached its new peak. While this situation improves the interest rate cut expectation, crypto coins also supported. Moreover, with his statements on Friday, Williams eliminated the decline triggered by Lisa Cook’s ramblings. So, what are the predictions of well-known names in the field?
Crypto Oracle’s Prediction
We cover Roman Trading’s predictions on a regular basis, and he predicted this before the $80k drop. in those days BTC It was $40,000 above its bottom last week. He was right. Although the analyst who shared the chart below in his evaluation today says that he expects the decline to continue, he also believes in a short break.
“BTC dropped 40k without a real bounce. It’s no surprise we’re seeing a bounce right now, especially with historically oversold indicators.
However, don’t rejoice just yet. Nothing rises/falls in a straight line. “Note that the correction occurred during a low-volume holiday period.”
Will Bitcoin Rise?
Anıl (anlcnc1) during the last rise in Coinbase Premium drew attention to the change. The strong negativity here played a big role in accelerating the decline in cryptocurrencies. The fact that US investors have started to take a buyer position again brings to mind the possibility that the general market rise will be permanent. However, as anlcnc1 points out ETF We should see this appetite on our side today. Stronger entries than on Friday will positively affect sentiment.
Tomas discussed the situation on the macro front and said;
“We are in a “sugar high” environment where risky assets need a “sugar hit” (interest rate cut) or they will crash.
The markets have been for weeks December interest rate cut It is traded in parallel with the possibility.
Risky assets have been on a downward trend since a hawkish rate cut at the October FOMC meeting. Powell stated in December that a rate cut was “not a certain outcome, on the contrary, it is a very remote possibility,” and then other Fed members began to oppose the rate cut.
On Friday, New York Fed President John Williams appeared and said, “I think there may be further adjustments to the target range in the near term.” And this comment marked the bottom line.”
So, it can be said that the bullish sentiment is good on the macro front as well.
Some people also make comments like there was a $5 billion outflow in the ETF channel, this is historical and a harbinger of great destruction. However, Bloomberg ETF Analyst Eric gave the best answer to this today.
“Because there has never been an outflow before! The total “record” is 3% of AUM. The real story (which will certainly not be written in all caps in the media) is that 97% of investors continued their investments despite the -35% drop.”
It is more important to stay updated these days as the news feed directly affects the charts. CryptoAppsy The news section can help you practically in this regard.
