Bitcoin price prediction after FOMC minutes are released
At 2:00 p.m. EDT. on October 2, the Federal Reserve will release the Federal Open Market Committee (FOMC) minutes for the monetary policy body’s September 2024 meeting. Investors, particularly those holding Bitcoin (BTC), are anxiously awaiting the release — as it will provide an in-depth view of the Fed’s reasoning behind the recent unexpectedly dovish 50 basis point interest rate cut. The effects of monetary decisions and macro factors such as these on BTC have become increasingly apparent over the years — as noted by renowned crypto analyst Michaël van de Poppe in an X post, Bitcoin could test support levels at $61,500, following a reversal back to $65,000 and a breakout toward a new all-time high. Picks for you This trader turned $150 into $500,000 in 130 days of 'locking in' 29 mins ago ...