January 26, 2022 11:31 AM
Price Prediction for $BTC on the back of the FOMC
This week marks an important date where many fundamental factors can affect prices which isn't necessarily priced in such as the following:FOMC (Federal Open Market Committee) where expectations from the United States Federal Reserve are to accelerate QT (quantitative tapering) and balance sheet downsizing. Hawkish tone is expected from Jerome Powell today as to control the inflation while Dovish actions are expected amongst the uncertainty of geopolitical pressure and employment hurdles.Major Earning Reports from the biggest stocks carrying the most breadth out of the S&P500 such as Microsoft this Tuesday (which released under expectations), Tesla and Intel on Wednesday, Apple on Thursday, Google on January 31, Facebook on February 1 and Amazon on February 2. Apple is the most important stock as far as performance, a positive outlook on it's earnings can increase indices and therefor have positive correlation on CryptoGDP data released on Thursday, January 27Chinese New Year on Feb 1 (which historically marks a sell-off period on all assets, especially Crypto)