Bitcoin (BTC) is likely to end its bearish phase by this Thursday following a meeting of the US central bank, the Federal Reserve (The Fed).
Why?
Based on a statement from the crypto exchange platform, Bitfinex, investors have already started appearing in the order book space to take the opportunity to buy the news.
It is understood the Fed will present more information on policy easing (QE) in asset purchases, including inflation issues at the meeting.
Earlier, the Fed announced the end of tapering following the recovering economy.
Subsequently, the crypto community began to place expectations of impact on both the crypto and traditional markets.
Observations of the Bitfinex platform found investors waiting in the price level space around $ 44,500 and $ 46,000.
However, at the time of writing BTC traded at $ 47,452, down over 3% in 24 hours.
Meanwhile, whales did not show any reaction to this news.
According to the founder of Material Indicators, Material Scientist, whales no longer buy BTC since the price drop in October.
Maybe this is the best chance to start getting Bitcoin at a cheap price, but the risk remains as long as it doesn’t happen.
Are you also part of that ‘waiting’ investor?
