🚨 BTC Price Alert! 📉🚨
After the FOMC meeting on November 7, 2024, the overall impact on the U.S. economy has been limited, with inflation dropping slightly and unemployment down by 2%. The economy remains in flux, showing no real growth. As a result, Bitcoin’s price is holding steady, ranging between $75.5k-$76.5k.
In my recent post, I mentioned that BTC might not rally due to FOMC-related uncertainty. Now, it seems clear that authorities are unable to take decisive action in this situation. Meanwhile, the broader crypto market has seen a 1.5% gain, suggesting that whales have temporarily taken control. 🐋💰 If whales exit, we could see a BTC dip, potentially to around $71k.
Key Levels to Watch:
- **Below $75,300**: BTC could decline by 2-3%.
- **Above $76k**: We might see an upward push.
Market sentiment remains bullish, but BTC is currently overbought, as indicated by an RSI above 70. A significant price move may be on the horizon, with BTC facing rejection from several major corporations. Microsoft, for instance, has shown fluctuating interest in Bitcoin, especially around election time. Initially, there was interest in holding BTC in reserves, but due to the overbought conditions, they opted not to buy.
It seems that whales may be attempting to manipulate the market, potentially to influence the election. After attracting retail traders to buy at the peak, whales have started liquidating, resulting in over $600 million in USDT losses across the market. Stay cautious, as this could signal more volatility ahead! 📉📈$SOL
#SOLFutureRise #AltCoinSeason #PensionCryptoShift #MicrosoftBitcoinRejection
