The Fed to announce a new interest rate today at 1 pm EST
A “hot” press conference will follow 30 minutes later, potentially charting the course for Bitcoin’s future direction.
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Anticipated to go up by 25 basis points, this hike could mark the final increase of the year. The decision is driven by the recent banking collapse, which has made it difficult for the Fed to make a more aggressive move.
Meanwhile, some “crazy” folks believe that the interest rate should be significantly lowered instead. If the Fed decides that it's time to ease up, then Bitcoin could certainly skyrocket.
However, traders are advised to exercise caution and avoid making any deals, as manipulators may hit stop losses for both buyers and sellers.
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