Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Hyperjacked
on 21/03/2023, 17:32:02 UTC
Seems to be resistance at $28,4xx

The FED releases CPI tomorrow, they might have to pause rate hikes due to the mess the banking system is in. If they pause or increase rates by 25 bps, I expect us to break $29,000 and who knows, maybe break $30,000 for the first time in what feels like forever. If they increase by 50 bps or more we might dump, stocks would tank too.

Obviously long term meh, who cares, the $ is trending to 0 & bitcoin is the future but short term we like to pump so hoping for a good day tomorrow.



Bitcoin is sitting at 28,300$ and it looks like it will test 28400$ for the 4th time this week… will break through today…or go lower is anyones guess.