@mystic47shadow
The recent Federal Reserve interest rate hike has sparked significant volatility in Bitcoin's price. Historically, BTC tends to react negatively to rate hikes due to reduced liquidity and risk-off sentiment. Technical indicators, such as the RSI and moving averages, suggest BTC is testing key support levels. Market sentiment remains cautious, with fear dominating the crypto space. Additionally, capital outflows from risk assets into safer havens have pressured Bitcoin's price. However, if the Fed signals a pause in rate hikes, BTC could rebound. Over the next month, BTC may consolidate between $25,000 and $28,000, with potential upside if macroeconomic conditions stabilize. Investors should monitor Fed announcements and on-chain data for clearer signals.
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