Quote from: DanWalker on Today at 01:55:27 PM

Quote from: tabas on December 01, 2022, 12:19:36 PM

Yes, there's likely a connection about the FED and changing the interest rates. But we have to wait for the official announcement which might come within the next few days or even a week or two or more. It's okay to get excited as we're always dealing with the reality, it just seems that we've already dealt the worst of this season and the market is becoming better. Any price that bitcoin goes up is giving us that boost no matter how huge or small it is.

The Fed will meet on the 3rd and will announce rates after that, I also believe that the market will have a positive reaction because many people predict the Fed will actually cut rates for this hike.

If there is no other collapse, we have bottom for this year's bear season but we should pay attention to the rumors surrounding Gemini, Genesis, if they declare bankruptcy then we will continue to find new bottoms. As I said, I will continue to be cautious even though the market is showing positive signals.

There's probably a motion to bitcoin's price together with the entire crypto market. Every announcement that's related to the rates set by the FED, there's an equal reaction to most markets and that's not just only limited to the bitcoin/crypto market. I am in that impression and wanting to believe that if good things come before and after this year ends, we've already seen the bottom and it's not going to be lower than that. But at the same time, this is the crypto market you expect the unexpected.