Bitcoin and rate hikes. A short term analysis of crypto
BTCUSDI'm expecting bitcoin to go down more in the coming days before the rate hikes. The market had a strong reaction on the announcement of the promised rate hikes after the crazy inflation. I think we've seen the worst of it and I'm expecting the market to recover after the hikes because there is no bad stuff happening in the future anymore. The announcement of an event has in many cases a stronger effect then the actual event happening. Obviously if the rate hikes are higher then expected we could see the markets dropping lower. Personally I'm acquiring more bitcoin in the "Buy Zone" on my chart if we don't see any new negative or positive information that could have an effect on the price of the markets. Obviously do your own research don't copy people of the internet.
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