This week was supposed to be volatile due to the FOMC, but things weren't as volatile as I expected. From the current market conditions, the effect of the news will take a few more days to be reflected in the market. I expect 113k to be raided before we see price get to 118k But in a way I feel the market could prove me wrong and head for 118k next without raiding 113k.
What's your take on the current market situation?
Should I say volatility has been underrated? Or it's just been the order of the day this period with no results to show forth.The unexpectedly rate cut have put the market in deeper thoughts and this alone can't prove that the week is volatile or had been.
I think it was an unpredictable market situation that most of us didn't see coming but lo we have to bent to the fact that Bitcoin is going through alot more better.