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

This is one of the great news about the Bitcoin, because the whole world is going to see Bitcoin, it is getting pumped even before the fud happens. Bitcoin is getting more and more popular, but its price is slowly rising again, if you are in the world of crypto you'll find that it has a different price, so there's no rush to buy. The price is volatile and in the middle of the day, most people do not get that the current rate is high, and so they will keep buying. In my opinion, this year's FED is really good.

Today the market can rise more than 2% and of course has the opportunity to rise to $ 30k this week, many experts are optimistic that the natural growth of users makes Bitcoin even more strengthening, and this certainly makes prices continue to rise because Bitcoin needs are higher.

Bitcoin potential for a bull run is imminent, march made a good record and usually april will be even better, now the price is close to $ 30k and if this week can be reached then I am optimistic that this year the price of $ 100k will be easy to achieve.

They have no plans to lower rates, what they are saying is to stop raising rates and keep it at 5% until inflation really drops below 2%, then they start lowering rates gradually. Interest rates are still very high, so I don't think the Fed is responsible for bitcoin's recovery. The market rebound is normal, the market cannot go down forever without a recovery. Bitcoin is very confusing sometimes, it can go up in price for no reason and vice versa, that is also what makes the crypto market so interesting.

As far as I know, the Fed does not intend to lower rates, instead, they still want to raise rates but with a slower intensity. High interest rates are not the reason why banks fail, but because they raise interest rates too quickly, they decide to slow down. So it is not possible to expect a positive future this year unless bitcoin defies the news, as bitcoin is still more manipulated than subject to the rules of the financial markets.

June will happen in about 2 months, and I think the most important thing right now is that the price can pass the strong wall that is the $30k price, if the $30k price can be passed then it is certain that the price will continue to skyrocket until it can pass the ATH that has happened, and I sure it will come soon.

It is important to first see how it happens, without knowing how much it will fall, we can only make "speculation" as the section suggests. I understand that if it falls, then the price will go up, but what if it stays the same? Right now, so far in the past year or so, it has gone up and I know that we do not expect it to go down anymore because we have already seen what that can do to banks so there will be a fall. But what if the fall doesn't start right after an increase, and instead they just keep it as it is right now? That would be an interesting situation and we could possibly see bitcoin not react the way we want it to react which would be a terrible scene without a doubt.

Of course, everyone will check the prices before buying bitcoin but he means that it would not matter much the current value of bitcoin whether it be 28,000$ or 26,000$ or 20,000$, when you will find bitcoin near 100,000$ in 2024 and beyond.
There are people who regularly buy Bitcoin every week or every month, and therefore do the dollar cost average. All of these people are holding bitcoin for the long term and will do the profit taking in the next bull season.

How can you not check the price when someone wants to buy more Bitcoins? Because for every purchase that is in the market, of course the main thing that will be seen by those who are going to buy is the price, so there is no reason whatsoever to make them not look at the price and check it before buying. So you have actually done the right thing in terms of buying and also have given good advice, but when you prohibit everyone from checking the price when they want to buy Bitcoin, it sounds very strange to me.

The Interest rates can't go up forever and the US government has already hinted that it will stop the increase in interest rates in the near future. As soon as it is done, the money will start to flow in assets other than the dollars and people will buy bitcoin as keeping money in dollars may not be profitable.



Yes, bitcoin will have a bull season after the next halving, so if you are able to hold bitcoin by the end of 2024 or early 2025, you are likely to see all time high prices of bitcoin. However, one thing i should note that it is not that bitcoin has to pump after halving, the economic indicators will also favor bitcoin which includes lower interest rates, US printing more money, devaluation of dollars and lot of other factors.

The $29000 resistance level is currently the closest level that is still strong, if it can break this resistance I believe bitcoin will stay above the $30000 price. But currently Bitcoin is still stable at a price of $ 27000-28000. the market is still in a bearish state and if at the close of the Daily Bitcoin still holds on the support of $ 27000 it is still safe, but if it closes below the resistance of $ 27000 then it is likely to decline again with the lowest support at the price of $ 19000. Let's wait and see what will happen, hopefully the positive trend will still be on Bitcoin's side and no FUD will appear when the market is like it is today.
BTW The FED's news about the interest rate cut will affect the bitcoin market, this includes the Fundamental events that will occur.

The real factor which will push Bitcoin to the 35,000$ or 40,000$ isn't FED decreasing interest rates, but the halving that is going to happen next year. However, FED decreasing interest rates can work as an important booster on this process, increasing the potential impact of next year's halving. That is what I meant.

For now we still have Bitcoin showing resistance level above the 28,000$ line. Normally it should be at 29,000$, because the real mark is 30,000$, so I guess the resistance level is pretty strong and bearish for now... Anyway, if Bitcoin maintains its price where it is right now it's a already good news in my opinion.

Lower your expectations bro, enjoy the volatility and stay focused on your long term plan.
If you really expect good returns in the long term, then anything that's causing the price to fluctuate right now should be ignored. I believe the FED can influence the market, but their plans to lower interest rates are not yet real.

I'm starting to wonder what the underlying price is too hard to break $30k right now. Even the price movement tends to be sideways in my opinion at $ 27k to $ 28k.

This is just the rumor, if the rumor got it so high, imagine what the real situation would be looking like. If the rumor of "it will go down" made people put their money into bitcoin instead of interest, then when the time comes and the interest rates start to decrease, even more people will withdraw their money from there and put it in crypto, and that won't even be the last of it, the more people keep their money in interest, the more it will decrease over time and then they will withdraw too on the following ones as well.

That's how we should approach it and this is why in the next year as long as FED keeps on dropping the rate, there would be tens of billions of dollars that go in to bitcoin instead of being in interest.

The potential for bitcoin to skyrocket in April is very large, I'm sure this will happen soon, now is the time to keep buying, don't just check prices too much but never buy, I've also bought even a little bit, this is because I don't have a big income yet like the members here.

Since the beginning of 2023 we have been hearing news about FED planning to decrease interest rates this year, and that is one of the main reasons why the market became so confident and optimistic so far, coming from 16,600$ in January to almost 28,000$ right now. If FED really achieves the goal stated months ago, it's very possible bitcoin will enter 35,000$ or even 40,000$ zone this year yet, what will definitely help the next bull run to gain even more traction in 2024.

Do you believe in bitcoin or its value in dollars? How does bitcoin benefit you? I think most people here just want to get rich just by buying bitcoin. Because everyone believes that if it happened to people ten or even five years ago, it will happen to them again in the near future. But I think it's too complicated because bitcoin's capitalization is already very big. I guess you and I just have to use bitcoin.

What we are talking about is the short and medium term for this year, so I would say nothing is certain, and the future is unpredictable. But to talk about the long term or the future of bitcoin in the years to come, as a bitcoin investor, I always believe in bitcoin as well as my choice. Even if the new ATH doesn't happen after the next halving, I still believe in bitcoin, I never want bitcoin to go bad because it's my choice and it's profitable for me.

There is no doubt that bitcoin will pump soon, the indications for a pump are very large because the current price is close to $30k, if the price of $30k is passed then it is certain that this year it will be easy to make new ATH again, many even believe this year's ATH will past $100k.

Lots of things currently happening on the market or economy as a whole but we arent really that much affected if we do speak about Bitcoins price.Rather than on declining or dumping we do rather see

the opposite thing which does really shows up that it could really withstood out these economic problems that we are facing. Lower interest or high it wont really matter but of course we cant really
that deny that these situations could really make out some effect but of course everything would really be entirely be depending on how the community
would be making out reactions out of these sentiments.

It's a prediction, that's why he is looking for the June pump and whatnot. But if we look at the price right now, it seems that we are having a hard time to break $29k at least. And we are trading sideways for at least 2 weeks now. It could be a good sign that we might have slowed down a bit, but the control is with the bulls.

As for investing, yeah, if you have capital to begin with, then invest right now. We are looking for like $100k in the next bull run.

So with the current price, if will still give us a good returns in 2024-2025.

It sounds funny, but it is a true way if we don't want to feel confused about the up-down of Bitcoin price.
If we learn from the previous bullish history, you are right that 2024-2025 is the time for the pump of Bitcoin price. It won't be around $30k anymore, I am sure the price is already around $40k-$50k, or even higher than $60k in Q3-Q4 of 2024.

However, it is just one of the signals. I also don't really care about it. I prefer to focus on waiting for the next BTC halving. 

The current batch of Bitcoins worth about $216m seized from the Silk Road case didn't really have that much of an impact on the market when they sold them on the 14th of March. So I think the market can easily take the remaining batches as well without getting much of a bump or dump, though I'm not sure about the mtgox distribution and how impactful that can be.

The regulations are definitely on the surge at the moment, with platforms being seized, some getting warnings, and CBDCs are created probably to replace cryptocurrencies within the platforms that they can get control over and target the rest that they can't.

It's still April, not June. Indeed, it is very natural for everyone to think at this time because in general it is still very good and it is not too late to buy Bitcoin if you still have unused funds for other things. But for now Bitcoin still needs more people to push the price increase gradually every month so that Bitcoin continues to be eyed by many people this year so that it can give birth to even better moments and trends in the next year.

I think "bitcoin recovering 50% from the bottom" is actually what we know about the future. I mean I get that it is not a guarantee or anything like that, I get that you are not entirely sure, but isn't that increase tells you anything? I personally believe that if you end up buying bitcoin at this current stage, and then wait for it for a year or two, then you are going to profit from this.

To me, this is a fact, not something that may happen, not something that is potentially good, it is something that is a fact to me that if you buy now and hold for 2 years you will profit. This is why I do not agree that we do not know what the future will be like, I sort of know already and buying because of that.

Speculations are just created base on the current trend or if there's a good updates that possibly came. If we see saying that they are 100% sure then they are lying because so far bitcoin is always unpredictable so all we can read is just sentiments of the people which we can look up as a reminder for us to think some good strategies if our expectation will not came.

Although bitcoin has had an impressive 50% recovery since the bottom, in the end, we all still don't know what will happen in the future. What we can do is stay calm and hold on no matter what happens.

I do not spread Fuds, but I am not as optimistic about the market as many are expecting. I believe this year, there will still be some tremors that make people panic again. Players have become smarter, the market will not be able to move so predictably. If the market continues to recover from now on and there is no correction, then we will have millions more millionaires created in the next bull season.

Most people are not in panic mode right now and that increase helped us become like this. If we had like a thousand dollars or so drop just a few months ago, then we wouldn't be able to hold this long, I would because I did, but many wouldn't because they panic sell.

However, since we moved from 16k levels to 28k levels, many people got a lot more brave and thanks to that we are doing a lot better. I hope that it happens to be something that is a lot better and we could end up with something that benefits us the most. I know it is not going to be easy to decide for something like this and it is going to hurt us a lot, but I believe we should just hold no matter what happens.

They have to raise it at least one more time. >>>> lots of face saving involved and they look weak if they pause or cut here. so 0.25% is pretty much certain.

That will be may 3 or so.

I think

May 3    +25 points
June 14 + 25 points

we become gray below
July 26
Sept 20
Nov.  1
Dec. 13



smart move is dca

20% now
20%  May 10
20% Jun 30

leaves 40% for the July 26 move.

If we look at the development of the Bitcoin price since the beginning of this year, it is clear that there are more positive trends than small corrections that have occurred, so it is only natural that many believe that the Bitcoin price will continue to move in a positive direction this June, even though it will be slow.
personally I believe that until now it is still categorized as the right time to buy Bitcoin either for the long or short term.

It means that you are currently buying more Bitcoin, of course, because you have known Bitcoin for more than two years. Small corrections still continue to occur in Bitcoin, but small increases have also occurred so often that it would not be wrong if everyone wanted to take advantage of the current conditions to keep buying. Especially for some people who like to trade in the short term, of course, taking advantage of the current moment is not wrong because profits can be obtained as soon as possible, even though they are small.

I'm also optimistic that bitcoin will soon be a bull run, sometimes the small correction that is happening right now is a test for us whether we will panic or buy more, if we know bitcoin for at least 2 years then we will buy more, opportunities are limited and we will regret it if we miss it best chance to buy.

Apart from the increase that has been quite significant and with a little encouragement from the good news, I also still really believe in Bitcoin which will continue to make price improvements this month (April) and besides that I am also waiting for Bitcoin to be at $ 30K in this month because this price could not be reached by Bitcoin in the last month (March), but I am still very optimistic that this price can be reached this month by Bitcoin if the support from buying volumes can continue to increase and not cause too deep crashes.

Bitcoin speculation is an overly hard thing to do because of bitcoin's volatility and unpredictability, and any prediction that projects a high market in the next few months may b high-risk speculation and basing its possibility on Sec is another sceptical approach since we don't know what the sec will put out later.

But is best for the moment and most favourable to invest spare money so that you won't be under pressure when you need to wait longer than you speculated due to volatility.

OP please stop calling people 'crypto bros'. That's insulting.


And lol if you think the Fed is gonna cut the interest rate anytime soon. They haven't even finished RAISING it!! And even when they finish raising it (which could be soon, I wouldn't be surprised if May or June is the last raise), they will likely hold at that rate for a while. I wouldn't expect the rate to be start being cut until next year.  So expect a 5.0+ interest rate the rest of this year.

Bitcoin doesn't need interest rate cuts to take off. But as long as the interest rate raises stop that'll be huge for Bitcoin because it is the raising that is scaring off investors. Once investors know the rate will be stable and won't go up anymore they won't be scared to invest in things.

There are still a couple of significant hurdles for the Bitcoin market before it’s off to the moon. Besides regulation getting tighter and trying to cut off the on-ramps, the government is also planning to sell $4,000,000 worth of BTC every day (on average) for the rest of the year. Then you also have the mtgox distribution… Once the market gets used to that supply rate we’ll see the halving and then it will be blast off.

We have seen a significant market recovery and increase in profits since this post was published on March 22nd, 2022. Bitcoin has once again proven all those who predicted it would fall to $10,000 or $5,000 incorrect. I believe this year will be even better, and I am excited about what the future holds as June approaches. We're crossing our fingers for good news.

I'm sure that price of Bitcoin will bump sooner or later, while I am not sure that FED will actually reduce the interest rate and some of the economy experts says that there may be 0.25% increase in the Q3 of 2023 which will affect the whole economy on the other hand its the best time for investors to start their investment before the rate change.

I'm also optimistic that this year the market will be bull run, the month of March is proof that the market can skyrocket in a short time, the price rises and passes the previously untouched psychological level, namely the price of $ 25k, and I'm optimistic that if in April the price can touch $ 35k then the next month will be more promising.

I would guess that the increases we have right now will probably result with even better increases in the future when these type of things happen. I mean not many people realizes this but the reality is that we should not really be worried about the 30k or so right away, as long as we go up.

If we can continue to look bullish during this period, that means that we are going to be increasing more in the future when something good happens, good for bitcoin that is. The interest rate being stable or even lowering is one of them so if we are not down to 25k but we are more close to 30k or slightly above it by the time that happens, we will see bigger increases.

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.

Bitcoin can go up and down for any reason, and the FED shouldn't be the main reason why bitcoin fluctuates.
We all hope for the bitcoin price to recover and the market to be bullish this year or next regardless of what the FED decides. We are waiting for the bitcoin halving moment, of course I can hope that it drives demand which in turn makes the price go up.

No one can say for sure whether the pump will happen, but I can expect the market to recover before the halving or after. We're currently getting ready to hit $30k, I'm really looking forward to it.

Possibly, but that requires a proof though, are we sure that's going to happen? If the interest rates are lower in June, then 100% sure that the price of bitcoin will go up, but if it is not lower and they keep it steady then we are not going to get any type of increase in bitcoin price, not because of this at least, it could still go up for another reason.

The FEDs decided to increase even now, so I can't really feel like they will drop it in June, the best case in my mind is not to move it any higher, they may keep it as it is, but not drop it. I have to say even increasing it is not out of question yet, but keeping it what it is could be the most likely result.

The FED's decision do add some impact to the price of bitcoin. But, let's get it straight that even without them, we'll see bitcoin get back to higher price and that's imminent. For the very reason of halving, everybody knows the effect of it and those that accumulate understands what's in it to the market when it happens. In today's time, the news from FED, banks and other financial institutions is giving sort of affection to the bitcoin market and that's why this speculative market is being more active with their help of them. And with that, it's giving more positive reaction to bitcoin's price.

Isn't it supposed that the opposite is true, meaning that if the price of bitcoin rises, then it is bad news for those who want to buy because they missed the opportunity to get a lot of currencies at a low price, and therefore the higher the price of bitcoin, the more it will be a problem for you that you will not be able to buy more at a low price.

I see that the current prices are appropriate if Bitcoin continues to maintain it, because new ATH is calculated from the bottom, which is 15K, and therefore new 4 years ATH is between 45k and 167K.

Lol, exactly. Its all about narration and story telling which drives the market.

It didn't dump after the 25bps hike announcement. It dumped later when powell started his speech saying they might keep raising rates in the future which drived the markets down. Ppl are more like addicted to betting on the future rather than the current on-spot scenario. However, I dont trust any words from Powell now. He keeps changing more often than girls change their dress style.

If I'm not mistaken, the FED has raising its key interest rate by 0.25 and that's why the price seems to go down below $28k. But we have bounce back to high of $27,700, so I guess the price will continue to rally again this month and could $28k again.

June is just like a couple of months from now, and with that way the bulls are taking control of the market, then it's possible that with or without this kind of outside influence from the FED, the price will continue to grow to $30k.

The only issue with this theory is that Bitcoin has de-correlated with the stock market over the past few weeks after a years worth of correlation. Even yesterday stocks went up as Bitcoin pulled back. So the correlation between stock markets and Bitcoin will have to return, otherwise these theories have no subsistence, and if anything the opposite would instead be true.


I still think around June (more generally summer) is when there will be a local top for Bitcoin prior to a pull-back to a more realistic price, since price has continued moving to the upside.

---

I only say these things as initially when SVB went bankrupt people said "this is bad for Bitcoin", because at the time price had started to pull back towards $20K. Then when Bitcoin pumped back up to $25K people changed their mind and said "this is good fro Bitcoin", because price was rebounding. I imagine if Bitcoin had gone sideways people would of said "this doesn't affect Bitcoin". It's the same old story.

It's almost as if Bitcoin might not be as inter-connected with macro economics as we think, but it's always possible to attribute certain events to Bitcoin's rises or declines...

As far as I understand in their meeting last night, they did not mention whether they will stop raising rates or will start lowering rates in June, everything is still unclear and they will make a decision depending on the situation economic situation. Inflation is still high so I doubt they will cut rates soon. Due to the recent collapse of banks, they will not be in a hurry to raise rates but will instead increase them slowly and possibly keep rates unchanged until inflation actually falls below 2%. It is difficult to predict what will happen to bitcoin and the economy in the coming months.

That still in 3months time. But seeing banks collpasing one by one, then fed most likely move is to cut it down. Now we can either see those institutions put money on the crypto side such as bitcoin whereas the chance of winning is highly anticipated. Well not so sure but it will be an interesting months until June to see whether we can see a big movement. But judging from the market I think its preparing for another leg up.

If you look at the performance of the Federal Reserve, it really considers various economic indicators, such as the inflation rate, employment data, and GDP growth, among others, when deciding on monetary policy. Their decisions are based on their assessment of current economic conditions and their future prospects.

Related The Federal Reserve's decision on interest rates is based on a variety of economic factors, and it is difficult to predict for sure whether they will lower interest rates in June or any other specific month.

Market expectations and speculation do not always accurately predict the actions of the Federal Reserve or other central banks. While lower interest rates may be beneficial to some investors and potentially impact the cryptocurrency market, especially the higher BTC price,

Bitcoin will pump back but no one can predict exactly. Maybe it will happen in June this year or maybe next year. But everyone who invested in bitcoin kept buying it because they realized the recovery process was underway.

And even if people decide to just buy at the current price, that's okay because of the potential for a very high price increase of bitcoin. But they must be careful in determining the price to buy and try to analyze the market before buying. And buy when the market is down so you can earn more bitcoins.

True, on the contrary, they are going to increased it so the OP's prediction might not happen.


Maybe this is the only thing that we can keep on holding, the bank crisis has again tested how bitcoin can be a tool not just for the riches but for everyone. They are using to as a hedge as proven during the pandemic in 2020. So in any case that the other Fed will cut it rates but then again the bank crisis will go till June or at least the end of the year, the market might benefited from it.

Bitcoin pumped recently and until now so I believe expecting a pump is irrelevant because we already had , but what you can ask now is if the pump will continue ? if this can extend to at least another position at 30k?

but if the fed do this then it is a favor for everyone of us.

I listened to Powell today and he didn’t say anything about rate cuts. Especially in 3 months. The projection was like 5.1% at the end of the year and about a percentage lower at the end of 2024.

The bond market and your CME fed tool is saying otherwise. So who do we believe? It seems the market is calling his bluff but it’s too early to tell.

If these banks keep failing one after the other then it’s perhaps possible for a cut in June but impossible to tell right now.

After all those epic failures with which you proved yourself to be a "top expert", this is another epic failure with which you will not achieve anything, let alone help someone. Can you play your children's games with the boys from the neighborhood?


Excellent advice, you advise people to wait for the price to be even higher before they start investing in Bitcoin What about your predictions that the price will stay below $22k or your claims that it will go below $15k?

Take a look at the bitcoin charts from the past months to weeks, you would see how much it has grown over that period without any news of interest rates or fed action. This tells you that the market is not entirely influenced by any singular event, but there are lots of things that goes into price increase or decrease.

Do not sit around waiting for a signal that would determine the direction the bitcoin market would take, just buy and secure it in a non custodian wallet.

- Jay -

Log out your account in forum, turn off computer in a few months and come back in 2024. I bet my life if you won't see Bitcoin has any price higher than $30,000. I believe it will have very higher price than $30,000 in 2024, any month in 2024.

With this vision, why do I have to care about when Bitcoin will pump, soon or late. I don't care about FED decision on interest rates in 2023 and 2024, it's their job and Bitcoin has its job too. I have my job too, working and holding my bitcoin.

Hello crypto bros, it's me again with an update on my "inflation" and "the best time to buy bitcoin" topics.

I already talked about how we all should wait for the FED to start cutting interest rates cos it will be a great signal that bitcoin and stock markets WILL go up. (because the economy will get better)

So today I want to talk about a possible date when it could actually start happening. If you will check the CME website you will see that the market expectation is that FED will start cutting interest rates in June. And it's a very important thing for the economy and crypto.

First of all, it would be a big signal for people to invest in crypto. Secondly, it will mean that economy will start recovering which will be huge for all markets including crypto.

But you all should know that things won't happen in one day or month. Bitcoin will pump, but then it will start growing slowly. The economy needs some time to recover. But it will already be a starting point for us to buy bitcoin.

So let's hope that we will see FED cutting interest rates in June. Good luck to everyone BTC