A Test Of Fate For Bitcoin And The Crypto Market Cap If Feds Continues With The Interest Hike
Well we are having an outlook on the performance of the bitcoin which a crypto analyst is of the opinion that the worst is yet to happen for the king crypto as he warns investors on the market outcome at the end of the year, in a crypto session with he’s followers which he says;
That the worst time to go in is when you’re going off of false hopes that the Fed will be able to just print massive amounts of money, and unfortunately, I know that a lot of people have gotten excited about the QE (quantitative easing) going on, but it’s not enough to stimulate another bull market. With the Fed continuing to raise interest rates over the past month, it is a sign that [the] Fed is going to continue doing its job, it’s doing the bare minimum.
In he’s words which he was sounding as if it’s going to be a test fate for the crypto market capitalization if it fails the crypto industry at large will be affected. In he’s words which he which he made a summary for the king crypto Bitcoin, for crypto, for the total market cap as well, we can see [that] we’re entering into that potential resistance band, which again has not been surpassed since back in January, that’s going to be a real test here for the market and we think we’re going to come down and really get that typical 85% correction [from the all-time highs.
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