Bitcoin, Crypto Market to Remain Range-Bound After FOMC Meeting, Matrixport Predicts
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Matrixport predicts a range-bound Bitcoin and crypto market in December after FOMC meeting.
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Fading implied volatility would cause Bitcoin price to consolidate despite Fed rate cut.
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BTC options data shows BTC stuck under $100,000 until March next year.
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Mixed reactions in the market Bitcoin move in line with 2-month descending trendline.
Bitcoin trades above $92,000 ahead of the key FOMC Meeting, with the broader crypto market expecting a further rebound to officially mark a recovery. Matrixport predicts a range-bound market despite another 25bps Fed rate cut.
Global investors will also closely watch Fed Chair…
