Bitcoin News|Bitcoin Latest Update|Bitcoin Next Move FOMC

Today is a big day in the market. Fundamentally, today is the day for which investors and traders have been waiting for a long time, and due to this reason, here you will find Bitcoin between 59000 and 61000. You were watching the market during these days, and neither did we see any big dumps nor was Bitcoin able to break its resistance of 61000. So the reason for this, friends, is that today there is going to be a speech from Paul’s side where they will decide whether they are going to do rate hikes or not in the next FOMC meeting. Everyone’s hope is that today there will be a discussion about it, so if whatever is discussed, then that will happen. If it is positive, then a positive wave will come into the market. Otherwise, if there are any negative comments, then it is obvious that Bitcoin will again go and retest the levels below itself.

Now, today is the day. Remember that the fundamentals will be more important than the technical , and whatever situation arises here, I will keep updating you. Inshallah, you are already ready. People know that the CPI data has come positive, the inflation rate is decreasing, and we have received the report about CPI, so the investors here are expecting that in the next FOMC meeting there will be debt cutting. Apart from this, friends, I am going to inform you of an article about the things that I was telling you in the last few days and the things that I was explaining. If we look at the history, we can see that this year It will be Q4, i.e., the last quarter. It can be a deciding period for the next rally of the crypto market, where a parabolic rally in the market can go towards a big rally and the next rally of alt coins, too. Within these months, we can see it in Q4 or in the beginning of Q1 of next year, and remember one thing here, friends. I have also explained to you earlier that one reality of the crypto market is that whatever happens normally, we have seen that it happens only by following the trend.

Halving and ETF scenarios:

 This time before the halving, Bitcoin definitely scored an all-time high. This time, big investors entered the market. ETF of Bitcoin was approved, Ethereum became more annual, and ETF may be approved in the future, but despite all this, friends, the story which is on the back end is going on almost in the same way till now as we have seen in the market, and if we look at the market then here we see that this year the end of Q4 and the start of next year will be Q1, that is the entire period, friends, it can bring a big move in the market here and apart from this,

USA Elections:

You guys know that elections are also going to be held at the end of this year in the USA, and Trump is coming as a strong contender. At this time, the prediction of Trump is that he can win the next US election, and here you all know how positive he is. Friends, all these things regarding Bitcoin are directly indicated here, and the same thing has been shown in the article as well. You must be seeing that the article is available on Coin Telegraph, and there are some big researchers.

Bullish and Bearish Months of Bitcoin: 

And all of them have the same thing to say: Bitcoin is a parabolic rally; it can give what it is within Q4 or within Q1. Apart from this, you see that within Q4, which is our month of October, November, and December, the month of October has always been very positive, even in the bear markets here. We have seen very few months that before the month of October goes negative, the month of September definitely goes negative.  One or two traders also come into the market; those who have weak hands there get kicked out of the market. But after that, the bull markets are in the air, and then the market pumps up in November and December too, and if we look fundamentally, there are a lot of such events that are lining up in these months. What is indicating here is that this time too, like in the past, the crypto market is going to take a big move, so friends, this is the short-term and long-term condition of the market, fundamentally whatever is happening in the market. I have given you the updates that are possible at this time.