{"id":448812,"date":"2022-05-18T11:24:30","date_gmt":"2022-05-18T08:24:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-24k\/"},"modified":"2022-05-18T11:24:30","modified_gmt":"2022-05-18T08:24:30","slug":"bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-24k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-24k\/","title":{"rendered":"# Bitcoin shakes of Fed volatility as analysts remain split on return under $24K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a30adab0f84b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a30adab0f84b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-24k\/#%E2%80%9D_Bitcoin_shakes_of_Fed_volatility_as_analysts_remain_split_on_return_under_24K_%E2%80%9C\" >&#8221; Bitcoin shakes of Fed volatility as analysts remain split on return under $24K &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-24k\/#Analyst_Extra_Fed_rate_hikes_%E2%80%9Cbiggest_risk%E2%80%9D\" >Analyst: Extra Fed rate hikes &#8220;biggest risk&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-24k\/#33000_%E2%80%9Cmakes_sense%E2%80%9D_next\" >$33,000 \u201cmakes sense\u201d next<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_shakes_of_Fed_volatility_as_analysts_remain_split_on_return_under_24K_%E2%80%9C\"><\/span>&#8221; Bitcoin shakes of Fed volatility as analysts remain split on return under $24K &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked n volatility.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/6360a5c9-b26a-4f90-a377-82edfc3b12a2.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_Extra_Fed_rate_hikes_%E2%80%9Cbiggest_risk%E2%80%9D\"><\/span>Analyst: Extra Fed rate hikes &#8220;biggest risk&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed BTC\/USD consolidating within a range in place since May 12.<\/p>\n<p>The pair had come unstuck as Fed Chair Jerome Powell delivered economic policy insights during the Wall Street Journal&#8217;s Future of Everything Festival.<\/p>\n<p>&#8220;I don&#8217;t know if financial conditions have tightened more than this in a very long time,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=BwYrbCG_C_U\">told<\/a> the paper&#8217;s chief economics correspondent, Nick Timiraos, in an interview.\u00a0<\/p>\n<p>Powell <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared to confirm that 50-basis-point key interest rate hikes would continue in subsequent meetings of the Fed&#8217;s Federal Open Markets Committee (FOMC) and could reach &#8220;neutral&#8221; levels in Q4. Hikes afterward, however, could nonetheless continue if necessary to tame inflation further.<\/p>\n<p>With traditional markets already pricing in such a scenario, volatility overall was limited as Powell avoided surprises.<\/p>\n<p>BTC\/USD saw a brief drop to $29,500 before recovering during Powell&#8217;s words.<\/p>\n<p>With risk assets set for difficult times as financial tightening continues, however, crypto market commentators had little by way of highly bullish <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>.<\/p>\n<p>&#8220;Hawkish reminder. This is the biggest risk for markets,&#8221; macro analyst Alex Krueger responded in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/krugermacro\/status\/1526630943737249792\">Twitter posts<\/a> on the potential for ongoing rate hikes into next year:<\/p>\n<blockquote><p>\u201cEvery Fed official has a different view of what \u2018neutral\u2019 is. Estimates are in the 2% to 3% range. Futures markets have now 3.25% priced in by December.\u201d<\/p><\/blockquote>\n<p>According to CME Group&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html\">FedWatch Tool<\/a>, markets expect the target rate to be between 275 and 300 basis points at the FOMC&#8217;s December meeting.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/29efd11d-690f-4e3d-a8e7-29e0baab33bc.png\"><figcaption style=\"text-align: center;\"><em>Target rate expectations for December 2022 FOMC meeting. Source: CME Group<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"33000_%E2%80%9Cmakes_sense%E2%80%9D_next\"><\/span>$33,000 \u201cmakes sense\u201d next<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Short term, some saw continued relief for BTC.<\/p>\n<p><strong><em>Related:\u00a0Fear &amp; Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K<\/em><\/strong><\/p>\n<p>\u201cDid manage a nice close above the $28.8K range low as well as the $30K low which marked the initial wick down in May 2021. The next HTF resistance is the $33K area. A test of that area makes sense imo,\u201d popular trading account Daan Crypto Trades <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DaanCrypto\/status\/1526544549438529537\">summarized<\/a> in his latest Bitcoin-focused update.<\/p>\n<p>Fellow account DonAlt meanwhile highlighted $34,500 as a crucial breaker for a more bullish perspective on BTC to enter.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a><\/p>\n<p>This is what I&#8217;m looking at, we reclaim $34.5k and I think there is good reason to be bullish towards at least $44k.<\/p>\n<p>While we&#8217;re below $34.5k beartarding is allowed, above there less so. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CzLY89rPAa\">pic.twitter.com\/CzLY89rPAa<\/a><\/p>\n<p>\u2014 DonAlt (@CryptoDonAlt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoDonAlt\/status\/1526710246445617152?ref_src=twsrc%5Etfw\">May 17, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>An increasing number of players, as Cointelegraph reported, still favor a return below the $23,800 lows seen last week at the height of the Terra LUNA and TerraUSD (UST) implosions.<\/p>\n<p>\u201cBottoms take time to form, so do not expect it within the next day or two,\u201d trader Crypto Tony <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1526829692124372993\">told<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers on the day. <\/p>\n<blockquote><p>&#8220;Likely we will find support, bounce for some relief and to trap late shorts and continue the trend.&#8221;<\/p><\/blockquote>\n<p>Others, meanwhile, feel that a $20,000 retreat is unlikely.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-shakes-of-fed-volatility-as-analysts-remain-split-on-return-under-24k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin shakes of Fed volatility as analysts remain split on return under $24K &#8220; Bitcoin (BTC) circled $30,000 on May 18 after fresh comments from the United States Federal Reserve sparked n volatility. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Extra Fed rate hikes &#8220;biggest risk&#8221; Data from Cointelegraph Markets Pro and TradingView\u00a0showed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":448813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvOTdiMmNlMzQtNjVlYi00ODc0LTgwNzQtZTEwNTFlNmVmZTA4LmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,70550,73785],"class_list":["post-448812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-federal-reserve","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=448812"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/448812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/448813"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=448812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=448812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=448812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}