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?
I also think that it should be as volatile as what you think of upon the release of the cut. But this is a normal thing and we have to wait for the effect of it maybe after several weeks. The market situation is still good, I can't complain with how it sits on $115k. We're on a weekend and we'd see how this weekdays are going for Bitcoin. The actions were active in the alts especially the projects that have been shilled and told to be moving up in a perp exchange. So, money from there are likely to move back to Bitcoin when they're done withdrawing.