Bitcoin: Fed Hike Framed as New QE Catalyst
Bitcoin at $81108.89 after Fed's 25bp hike projection, viewed as off-balance-sheet QE that revives hard assets toward $100000.
SourceAnalysis
Bitcoin traders are treating the Federal Reserve's next 25 basis point rate hike as the opposite of bearish, with Michaël van de Poppe calling it a fresh form of QE that lifts money supply without touching the balance sheet and sets the stage for hard assets to push BTC toward $100000.
Price action on the 4h chart shows $81108.89 pressing the upper Bollinger Band at $80710.5 while RSI(14) sits at 78.32 in overbought territory and MACD confirms a golden cross at 807.94; the structure remains supported by the EMA50 at $77636.18, suggesting any near-term pullback would likely find bids there before the next leg higher in this Federal Reserve rate hike impact on Bitcoin historical price reactions cycle.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast