Quote from: hugeblack on Today at 02:36:10 PM

Quote from: Sandra99 on July 24, 2023, 06:25:48 PM

I am Seeing Bitcoin Market is Not good Its Correction every Time
It can Hit $25000 ?

The recent selling pressure may be with the approaching Federal Reserve meeting^[1], which is likely to witness a new increase in interest rates, which means withdrawing more liquidity. Therefore, all these factors put pressure on the price during the current and next meeting, and therefore it is difficult to see levels above 31.7k soon, but this does not mean We will decline or not break those levels before the end of the year.

[1] https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

This is the most accurate explanation on the reason behind the current fall. Bitcoin always always pullback to 1k to 2k range whenever FOMC meeting is near while the interest rate expectations will be high. Sometimes this meeting effect is just neglected whenever crypto is bullish like when Blackrock file their first Bitcoin ETF.

This is the normal pullback nd I don’t sense any sell pressure that will put the price on 25K. This current sell pressure is very weak compared when Luna crash that put the market dip from 30K to below 25k.