The market is dropping again, as what people is speculating that it's bullish for Bitcoin. But we'll never know how the retailers and whales are going to react once an update and decision is out.
We can call it sideways bitcoin at the level of $97k to $110k, this will be very important price volatility, especially if bitcoin continues to maintain its position above $100k
So maybe again and again we will have to look at December 10 for the FOMC, what is the Fed's stance on interest rates, is it hawkish or is there a decrease and an increase, everyone is hoping for a decrease.
Yes, that's all what we can wait for. This month could be a version 2 of what happened to October.
I think that we're on the same page and it doesn't matter anymore which news comes out. It seems that every news that are being delivered to us are affecting every market. But when it's about Bitcoin, people are already thinking that it's attached to it where it shouldn't be.
Yes of course I'm quite lazy to talk politics which affects my playground, but the game in today's market is that institutions and corporations do play a role in bitcoin adoption and trading, so those with big money act according to the source of their money, the US remains the biggest influence on market movements.
I can't deny that because there's really an impact for every political and institutional news that we get from time to time. And so, it's what we can only hope for the next month. This month is nearly half of it and we're already getting the bad vibes of the market. But we have to remember on how quick it is to fall, the opposite is also the same when it goes up because it's also quick to recover.
