Bitcoin hikes volatility into ‘tricky’ FOMC as $93.5K yearly open fails
Bitcoin pulled back from recent highs as traders anticipated volatile, potentially deceptive price action around the Federal Reserve's FOMC interest rate announcement.Summary
Bitcoin failed to sustain gains above $94,500, trading near $92,000 ahead of the Federal Open Market Committee (FOMC) interest-rate decision, leading to expectations of tricky, unreliable price moves. Analysts noted that key liquidity clusters around $93K-$94K were taken out, with new clusters potentially forming near $90K and $95K. While the market overwhelmingly priced in a 0.25% rate cut, the focus shifted to Fed Chair Jerome Powell's tone for future policy signals. Following the FOMC reaction, traders are looking toward the Bank of Japan (BOJ) meeting on December 19th as the next major risk event, given the multi-decade high levels of Japanese Government Bond (JGB) yields, which could impact the yen carry trade and crypto markets.
(Source：Cointelegraph)