The FED releases CPI tomorrow, they might have to pause rate hikes due to the mess the banking system is in. If they pause or increase rates by 25 bps, I expect us to break $29,000 and who knows, maybe break $30,000 for the first time in what feels like forever. If they increase by 50 bps or more we might dump, stocks would tank too.
Obviously long term meh, who cares, the $ is trending to 0 & bitcoin is the future but short term we like to pump so hoping for a good day tomorrow.
I have a source that swears it will be +0.25%
He is a recently retired banker.
Ie smart enough to leave his bank in 2022 as rates rose.
I would agree with +0.25% if if wasn’t for the bank debacle unraveling…
Get your popcorn… things are gonna get nuts whatever happens imo