BTC took a lil dip after that killer US jobs report dropped last Friday plus Fed Chair Kevin Warsh going full hawk mode the week before and now the rate hike odds are spiking hard in just seven days.
BTC’s wild fate if the fed strikes 🌑
Bitcoin’s price already reacted with a small leg down then clawed back some but a real rate bump could hit way harder with sinister vibes. The last FOMC back in July was super tense after being called the wildest in over six years yet the fed held steady at 3.50%-3.75% on a 9-3 vote. Still those three votes for a pivot started whispering change in the air and Warsh’s hawkish jackson hole speech plus yesterday’s jobs blowout pushed hike chances over 50% letting the central bank squeeze inflation tighter.
AI’s spooky btc forecast 💀
Next week’s cpi data looks key before the fomc on september 15-16 and chatgpt sees btc nosediving at first but not another full bear meltdown. The real tea depends on if the hike’s already baked in and what warsh spills next. Markets are pricing around 60% odds for a september move after the strong august jobs print with btc chilling at 79650 after sliding from over 81000. Another 2%-5% drop could hit in ten days post meeting testing 75000 support first. Yields climbing might drag it to 72000 by end september or even under 70000 if warsh stays aggressive on a 25 bps bump. A surprise 50 bps hike though could slam btc down 15% fast under 70000 in a day with possible wicks to 68000 from liquidations. All this sounds grim after btc’s fresh august rally but crypto loves flipping the script on everyone.
Just another echo from the void by iconofsin.eth 💖
