Is Bitcoin Heading For A Dip Ahead Of FOMC? Analyst Predicts Potential ‘Cascade Towards $55-58K’ Before Rebound

As the cryptocurrency market braces for the upcoming Federal Open Market Committee (FOMC) meeting, a prominent crypto analyst has made a bold prediction about Bitcoin‘s BTC/USD immediate future.

What Happened: Micahël van de Poppe, a well-known crypto analyst, took to social media platform X to share his forecast for Bitcoin’s immediate future. Van de Poppe anticipates a potential dip in the price of Bitcoin, with a possible range of $55,000 to $58,000 before a rebound.

Van de Poppe’s post read, “Monthly close approaching for #Bitcoin and FOMC day tomorrow. I think we’ll see that sweep beneath $60K and potentially cascade towards $55-58K from which we’re finding the low and…

Read more on Benzinga

25.1K Reads