Quote from: Falconer on Today at 08:36:23 PM

Quote from: uneng on Today at 02:54:30 PM

Since the beginning of 2023 we have been hearing news about FED planning to decrease interest rates this year, and that is one of the main reasons why the market became so confident and optimistic so far, coming from 16,600$ in January to almost 28,000$ right now. If FED really achieves the goal stated months ago, it's very possible bitcoin will enter 35,000$ or even 40,000$ zone this year yet, what will definitely help the next bull run to gain even more traction in 2024.

Lower your expectations bro, enjoy the volatility and stay focused on your long term plan.
If you really expect good returns in the long term, then anything that's causing the price to fluctuate right now should be ignored. I believe the FED can influence the market, but their plans to lower interest rates are not yet real.

I'm starting to wonder what the underlying price is too hard to break $30k right now. Even the price movement tends to be sideways in my opinion at $ 27k to $ 28k.

The real factor which will push Bitcoin to the 35,000$ or 40,000$ isn't FED decreasing interest rates, but the halving that is going to happen next year. However, FED decreasing interest rates can work as an important booster on this process, increasing the potential impact of next year's halving. That is what I meant.

For now we still have Bitcoin showing resistance level above the 28,000$ line. Normally it should be at 29,000$, because the real mark is 30,000$, so I guess the resistance level is pretty strong and bearish for now... Anyway, if Bitcoin maintains its price where it is right now it's a already good news in my opinion.