Bitcoin price trades around $28,000 with no signs of directional bias. The 7-day, 30-day, 90-day and 180-day MVRV are all close to zero, providing a clean slate for BTC. Sell-side and buy-side liquidity are present 10% and 9% away at roughly $30,300 and $24,900. inant and that a sharp move in BTC is likely to arrive soon.
At the start of this week, the CME FedWatch Tool showed a 30.9% probability of a 25 basis point rate hike. After the recent jobs report, this number has dropped to 21.2%. The majority still believe that the Fed will keep the policy rate of 5.25% to 5.50% unchanged. CME FedWatch Tool In the Jackson Hole meeting, the Fed hinted at one more rate hike in 2023 should the data call for it.
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Market Q4 Outlook: Gold, Oil, Stocks, US Dollar, Euro, Pound, Yen, BTC at Tipping PointDifferent market dynamics are poised to unfold in the near term, potentially paving the way for increased volatility and attractive trading setups in major assets. This article presents a comprehensive collection of Q4 forecasts.
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