I believe crypto prices in general will pop after May 1-2. Here is why.

[Sergeant Major]

I believe that crypto prices in general, I'm not thinking of any one specific coin, will pop up somewhat on or after May 1-2.

Why?  Because the next Federal Reserve meeting is May 1.  And with the ongoing failure that is the biden administration (sorry, I only capitalize the names of presidents who were ELECTED, not INSTALLED, it's just one of my things...), the rate of inflation has been slowly accelerating each month this year, from 3.1 to 3.2 to 3.5 percent so far.

This is not what the Fed wants or needs in order to drop interest rates.  So the rates will again not be lowered on May 1.

The early year promise of "3 interest rate cuts this year" is rapidly fading, and at this point they probably will not have 3.  2 even seems like a stretch.

And with the liberal media doing all they can to talk biden into a second term, which won't happen, with their claims of 300,000 jobs each month from someone who couldn't even recite the Pledge of Allegiance without a teleprompter, we won't get a straight story on the mainstream news.

And since crypto prices tend to move to the opposite of the general economy, that means it'll be a good few months for crypto prices. 

That's what I think, anyway.

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[Xal0lex]

I get the impression that your post looks more like an anti-advertising of president Biden than a discussion of cryptocurrency prices. It's just my opinion.

[electronicash]

maybe in mid-May, it will be a god green candle towering to hit 70k as Narnia ETF also starts. i think it will have a bull-run effect.

as for FED, they're flipping. when they said no rate cuts, it was just to see whether people would resume investing. lol and so they found out.
don't invest yet. Jerome needs to crush the demand and they are hoping to see no investors going to encourage people to buy BTC or stocks. or else there will be another interest hike.

[_BlackStar]

You can expect the market to improve once we finish this somewhat bearish month of April - but who can guarantee that?
I tend to expect the market to recover gradually rather than just expecting it to happen in May - but what you are hoping for and predicting is basically not impossible. There are lots of people who expect the same thing - so you're not alone in that.

Market conditions have trended downward on the chart displays on price monitoring sites in the past month - so it's good to hope for a recovery in the next month.

[KingsDen]

I get the impression that your post looks more like an anti-advertising of president Biden than a discussion of cryptocurrency prices. It's just my opinion.

The Op is just a strategist. He intentionally tittle the thread to be like cryptocurrency related. But yet, it's in the wrong board even if it fits. The speculation board should be better for the post. In as much as it has touches of politics in it, I'll not say it belongs to the politics board. But it's sure that Biden was grossly criticized in OP.

[tvplus006]

I believe that crypto prices in general, I'm not thinking of any one specific coin, will pop up somewhat on or after May 1-2...

Have you thought about the fact that prices on the market may also change in either direction as early as April 30, if a decision is made regarding CZ. And which way the market will move will depend on what kind of decision it will be in relation to the founder and former CEO of Binance.

[tbct_mt2]

The Op is just a strategist. He intentionally tittle the thread to be like cryptocurrency related. But yet, it's in the wrong board even if it fits. The speculation board should be better for the post. In as much as it has touches of politics in it, I'll not say it belongs to the politics board. But it's sure that Biden was grossly criticized in OP.

OP is not a strategist but is more like a speculator who want to predict how market will move next. Predictions on any market are very inaccurate and in a volatile market like cryptocurrency market, predictions are more inaccurate. One big news, one fud can change the market direction a lot and break all technical analysis.

Have you thought about the fact that prices on the market may also change in either direction as early as April 30, if a decision is made regarding CZ. And which way the market will move will depend on what kind of decision it will be in relation to the founder and former CEO of Binance.

If SEC sue any big cryptocurrency market, price can fall even many people previously based on technical analysis, think it will move up. CZ, Sam or CEOs of other centralized exchanges can be targets and news about them can cause panic and market will react very negatively.

In short term, we can not be safe with actions from SEC. and governments but in long term, if we are true investors, hold bitcoins in our non custodial wallets, we will less likely be affected by SEC. and regulations on any centralized exchanges or individuals like CEOs.

[boyptc]

IMO, there is always the effect of whatever the FED does nowadays that is related to finance. As for this meeting, it is possible that you are saying with sense.

 Although over all, I do not know what actually is happening there on the dates that you have given. But, I think that i have seen those news where the FED did something or reported and the crypto market reacted a lot.

[slaman29]

3 interest rate cuts have already been down to 2 interest rate cuts and yes every time they give a new announcements it looks like less and less going to happen.

In Indonesia also btw they suddenly increased rates, and I think same gonna happen in surrounding countries. USD to ALL the currencies here hit all time high.

It's not going down, so I agree. BTC gonna up altcoins only follow

[YOSHIE]

And since crypto prices tend to move to the opposite of the general economy, that means it'll be a good few months for crypto prices.

Of course everyone hopes so, including me personally, in general the crypto halving has occurred, some types of crypto have no impact, only a few are seen surging, even though what you believe can work, but I'm not sure of that.

In my opinion, if you choose the crypto trading option, the current situation for me is quite good, if you look at the graph and the movement of Bitcoin, the fact is that in this week alone there has been a change from $64k down to $62 and up again to $63 and so on, meaning anyone who chooses to trade in Bitcoin will make good profits these days.

What is certain is that currently Bitcoin's position is at the $63.7k level, which means that if it is trading quite well, if what you say happens, maybe the spot trading method is the best solution, not for margin or futures, but it all depends on the individual.

[fullhdpixel]

I believe that crypto prices in general, I'm not thinking of any one specific coin, will pop up somewhat on or after May 1-2...

Have you thought about the fact that prices on the market may also change in either direction as early as April 30, if a decision is made regarding CZ. And which way the market will move will depend on what kind of decision it will be in relation to the founder and former CEO of Binance.

Not sure if he stumbled that already and thought of it too but for now, he is up to the effects of the Election or the Government. I don't know if what do you or CZ mean there that will happen in April 30 but we must not also forget that crypto prices can also move on their own sometimes, or maybe it's also caused by other factors that we don't know yet? So I won't be totally confident, hope, or worry too much, which can lead me of doing something with my money or cryptos during those scheduled events, although maybe there are just people who are already attached on some events that can happen outside and here in the crypto world.

[tvplus006]

I believe that crypto prices in general, I'm not thinking of any one specific coin, will pop up somewhat on or after May 1-2...

As we can see, Contrary to OP's expectations, the opposite happened and by May 1-2 we saw a strong decrease in the value of all coins, including Bitcoin. This once again confirms the fact that all these forecasts are not accurate when we are dealing with the cryptocurrency market.

[Cosette]

Yea it really 'pop-up' like a baloon that got popped lol.
Also, there are mixed news about crypto in last few days that its a bit hard to predict if it gonna up or down.

And since crypto prices tend to move to the opposite of the general economy, that means it'll be a good few months for crypto prices.  

Eh... we will see what happen later. Crypto prices isn't really predictable, since there are a lot of factor that can make it prices move. I kinda expect bitcoin will pullback to 60k later in this month, but that just my 2cents.

[adaseb]

Leading into the FOMC both the stock market and crypto markets got a nice rally and then later on the market completely reversed.

It’s unfortunate that we broke the $60K area, this will act as resistance if we go to reclaim it. If we hold $60k then I can see how possibly making a new high in the next few months but if it rejects we might head to the $50K area pretty soon.

[Helena Yu]

Yea it really 'pop-up' like a baloon that got popped lol.

LMAO, @OP think he's Satoshi so he can move the market to the direction that he want.

This thread is the example of unpredictable market, anyone can give any explanation why Bitcoin price will increase in x day or something like that. Many people predict Bitcoin price will rose after halving event, it will rose after HongKong legalized ETFs, it will rose after FOMC meeting.

But, here were are...

[Sergeant Major]

May 2 now, and BTC is floating around just under $60K.  I watch coinmarketcap, and their Fear & Greed Index has declined to 47, it was in the high 80s at BTC price rose in March.  So I think there's plenty of room for prices to surge upwards.

Disclaimer:  I've got 3200 HNT Helium coins, and my only real interest is pulling as much profit out of these things as possible.  If I sold right now, I'd break even from when I bought back in a few weeks ago, but if I sold, the coin prices absolutely will rise, and probably rise quite a lot, because that always seems to happen to me.  I sell, coin prices go up, and I'm left screaming at the sky "COME BACK DOWN SO I CAN GET BACK IN, THEN GO WAY UP!!!!!".

Other sites try to use stock market indicators to predict coin prices, and right now, Helium looks like a buy.  We'll see.