Topic: Bitcoin will pump soon? Lower interest rates in june. - page 3. (Read 473 times)

Here I am hoping that Fed makes good on their warning and either delay the June lowering or even extend these hikes to Q3. I'll even take a no-rate-movement policy for Q3.

Definitely looks like Bitcoin will rally as soon as they let the foot go off that pedal, though I'm also wondering if we're still in for a major crash shock (which I still think is around some corner).

In march the price increased significantly and i'm sure that april could reach at least $40k, especially in the previous history the price would skyrocket in april, it's natural that many experts give advice to buy, and i also have a target to continue buying before the price reaches $30k.

I agree about the correlation between The FED and the crypto market in general, the decisions and policies they make always have positive or negative impact on the market, that is fact. Regarding the price pump, this can be influenced by many things, including the adoption and entry of several large institutions to invest. The FED's policy can be one that supports fluctuating prices, but I don't fully put The FED as the main reason.

In the last 24 hours, the bitcoin price has crossed $29k. This is good sign of possible bigger move towards $30k. The problem is the $29k didn't last much longer as the price then crashed and stayed in the $28k area.

That is indeed a very possible thing with Bitcoin, because today Bitcoin has passed the price of $ 29K which is a very good potential and very likely to get another increase when there is new money from several parties into the crypto market for Bitcoin. Because in general bankruptcies won't be bad for Bitcoin and in fact it could encourage more people to buy Bitcoins and put some of their money into crypto.

Of course bitcoin has a correlation with the stock market, but right now it has outperformed growth. It seems to me that with bank bankruptcies, cryptocurrencies will be attractive to investors who are trying to save their money. As far as I understand, there is no key rate cut expected this year, so bitcoin may start to rise if new money comes into the market.

While true that Bitcoin generally does well within a healthy economy, it doesn't really help to explain why Bitcoin is up 70% this year while fund rates have increased from around 4.5% to 5%, and otherwise remain the highest they have been in over a decade. Many initially thought it would be impossible for Bitcoin to recover in 2023 with these high rates, but this is exactly what has happened so far.

Meanwhile, the S&P is up around 5% and Gold is up around 9% in the same time-frame, and generally all of these assets/markets are back to their May 2022 price levels, which is ironically when these rates began to increase. So in summary, the rates have increased from 0.5% to 5%, which is an enormous increase with many anticipating a recession, meanwhile markets have so far gone sideways (retained their values).

More relevant might be that many correctly anticipated these rates to increase, and thus we saw prices and valuations decline since 2022 until these rates started actually rising. There are many that think these high rates or a recession has already been priced in, because it was widely anticipated (unlike in 2008 for example when most people weren't expecting), which so far looks quite likely imo.

Since all of all this we've even seen banks collapsing, which is usually a trigger/signal for a wider recession. But instead stock markets remain relatively neutral and Bitcoin continues to increase.

That is the spirit we need to have when we invested and trust this coin(bitcoin) because the more we trust this is the more the market increases and that is what we love here most.
the FED may act positively or negatively yet it is our position to make it true.
and also the pump will happen no matter what because it is how it works in the 4 years cycle (hopefully will happen again next year)

The fed cutting rates does play a role with Bitcoin because Bitcoin mostly does what the macro is doing. If assets like stocks are going up because rates are getting cut then so will Bitcoin.

Look what happened during Covid crash. It was correlated very closely. And most likely if the rates get cut then Bitcoin will pump.

Investors in crypto don't wait for the FED to start cutting the interest rates before making an investment decision. Crypto Investors can buy and sell whenever the market is favorable to them.

FED or no FED, bitcoin will pump in price. Your opinion that investors to wait for FED to start cutting interest rates doesn't count in the crypto space.

Forgive him, most people association every increase of price on any cryptocurency as a pump but that's not the right word to use. I think pumps has to do with a rapid increase in price by a significant amount like 50% and above or it isn't a pump. You can't be calling 2% a pump. Those are increase in price of Bitcoin that it does very frequently.

June is still far ahead, we can't say for sure what the market sentiment will be by the time we get to the month, if the market turns bear before then, I don't think we can see positive value even after the interest rate is lowered.

If you are already familiar how crypto or this market works, you don't need to wait for a news like that but news like that can be good for those who leave crypto before or those who are new in here. It gives them an assurance somehow that Bitcoin will eventually rise right after they buy.

Long terms investors on the other hand, can always do a DCA and they wouldn't really care at all if the price of Bitcoin right now is low or not. They will still buy it if it's already their schedule for buying. Yes, bitcoin will pump again but isn't it already happening? Who would have thought we will reach $28k this quick but wait there is still more to come. Just stay tuned.

I think you have missed the low price moment so expect a drop soon before the halving, at the end of last year the price of bitcoin was very low and surely at that time many investors have regretted not buying at very low prices, even though there was a drop in price but I believe only a small correction because the market currently in a near bullish period and we will look forward to a recovery high in the next month.

It sounds sarcastic when here some ops referring to Bitcoin price increase as a pump, I don't know the statistics behind that statement because the bitcoin movement is not like some altcoins that are centralized and it CEO is in 100%/control of the coin supply since he hold large amount and can mint any amount at any time.

-Bitcoin, on the other hand, is decentralized and many factors control its price the price of bitcoin is more sustainable and long-term, which is why Bitcoin should be held on a long-term basis.

How I wish though but I won't just let my hopes get high yet since Bitcoin is always unpredictable, it might drop next or pump, who knows? But for now let's just enjoy this small pump and if we follow the pattern on the last halving we might have an idea what's the next move of this market. But for now, either you take some profit or hold until the bull run which is going to happen next year but before that I always expected it will dump soon before the halving.

While that is a big signal for people to return to investing in crypto, it doesn't apply to everyone already familiar with crypto because they must be wondering if this is indeed the right time to invest in crypto. Some don't want to experience failure like before and may prefer to watch the market first before deciding.

But for long term investors, it is a good time to invest in crypto especially to buy bitcoins as the price is still low. Bitcoin will pump again and it's only a matter of time. So as long as people can seize the opportunity, they will be the ones to benefit greatly in the future. While if they just wait until the FED cuts interest rates in June, I think they could be too late to invest in bitcoin because the price might have started to increase.

If you google “CME fed tool” there is a calculator there that shows you the probability of hikes for the coming meetings in the future.

According to CME right now there is a chance we get a cut in the Summer and something like 100 bps cut at the end of the year.

The fed keeps saying banks are doing good and not too worry but this data from the bond traders suggests that something will break and the fed will be forced to cut.

of course you are correct , but what OP is saying here is that what will happen in June though it opposes his former post that had been quoted above in which he said that bitcoin will stay below 22k or even drop to 15k for long time and now in just 3 months time the value will change into bull?
that is something contradicting from His belief and speculative idea.
i'm afraid that we need to believe everything that OP might say.

from my point of view, Bitcoin seemingly standing to 26-28k since week ago and looks like will stay this level for the whole 1st quarter , so meaning if your prediction is correct then this will hold at least for the next 3 months more or the whole 2nd quarter?
I wish you will take this into the right way and as I am also standing towards this holding ,accumulating is the game now because that 30k might be broken any time soon and then the next target will be 40k?

That's beyond our control though, banks failed because they didn't anticipated what will be state of the economy after the covid-19. So it's their fault not ours, but as far as crypto goes (since you are here), then it's a win for us. Again, this banking crisis will further solidify how bitcoin is in terms of hedge during crisis and now is the second best time to see it. Obviously the first time is during pandemic and we've seen that despite seeing it for the first time, bitcoin proved to be the best hedge and as store of value.

I'm not happy about banks failing one after another because people are losing their money there, but if we look on the bright side of this loss we will see people starting to recognize the importance of Bitcoin and go there.

As the US government's failed policy of always raising interest continues, we will find more bank failures and more trend towards crypto.

My warmest regards to the failed government policy, in fact it is the biggest promotion of Crypto.