Eyes on Bitcoin (BTC) Turned to July 5th! What Happened in That History?

Is the Fed really going to raise two more interest rates?
The new week has started well in the crypto money industry. The fact that the leading cryptocurrency Bitcoin (BTC) has exceeded the level of 31 thousand dollars has also increased the interest in the sector. BTC, which has been accumulating for the last 10 days, may breakout this week.
As of now, it is seen that the first support in Bitcoin is $ 29,500, and the first resistance is $ 31,500. The breakdown of one of these 2 levels will initiate the new trend.
BTC, which is expected to breakout as of this week, can realize this breakout on the evening of July 5th.
According to the information in the economic calendar, the FED will announce the minutes of the last FOMC meeting on July 5 at 21:00.
Is FED Committed to Rate Increases?
In the last period, Jerome Powell, the chairman of the US Federal Reserve (FED), and many FED officials argue that two more interest rate hikes can be made by the end of 2023.
As of now, traditional financial markets and crypto assets have not priced these statements. Markets do not fully believe that the FED will make two more rate hikes.
FED minutes, which will be announced on the evening of July 5, will reveal the thoughts shared by FOMC officials at the last meeting. The hawkishness of the authorities on these rate hikes could bring the crypto market down.
The emergence of FED officials' statements that "we can raise 2 more interest rates" are made mostly to keep the markets under control, which may enable the leading cryptocurrency Bitcoin (BTC) to target 36 thousand dollars.
#GateioBountyCreator# #ContentStar# #BountyCreator# #Gateio10周年# #NewYearCelebration# #GateioTurns10# #contentcreator# #NewsMessenger#
#HotTopicDiscussion#