FOMC

bullish

Jerome Powell

Chair

Bitcoin

<ul class="wp-block-list">
 <li>Bitcoin price drops further from $104,000 to $100,000 following the FOMC meeting.&nbsp;</li>  
 <li>Analysts expect BTC to recover and head towards its next ATH target.&nbsp;</li>  
 <li>$112,000 could be Bitcoin’s next ATH price.</li> 
</ul>  
<p>Despite the ongoing crypto market dip, expectations for Bitcoin remain high. In under a day Bitcoin set a new ATH at $108,000 before dipping to $104,000. Today Bitcoin price hovers at the $100,000 price range causing a heavy market dip. However, analysts remain optimistic about where the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin</a> will go next.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bitcoin-dip-does-not-slow-down-pump-expectations">Bitcoin Dip Does Not Slow Down Pump Expectations</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Washigorira/status/1869326763198906609
 </div>
</figure>  
<p>As we can see from the post above, this analyst believes that a Bitcoin price of $112,000 ATH is still in play. In detail, he says that Bitcoin price has pulled back for a double retest of the recent ATH and the trendline. He calls this a textbook price action move and expects the FOMC meeting to <a href="https://cryptonewsland.com/fed-rate-cut-what-how-crypto/" target="_blank" rel="noopener noreferrer nofollow">bring volatile activity</a>.&nbsp;</p>  
<p>This prediction came true as during the meeting, the price of Bitcoin fell from $104,000 to $100,000. One of the biggest reasons for the dip is that the FED Chairman said that the <a href="https://cryptonewsland.com/why-is-the-crypto-market-dumping-and-when-will-it-recover/" target="_blank" rel="noopener noreferrer nofollow">FED was not allowed to own Bitcoin</a>. Even so, the crypto community remains highly bullish for the price of Bitcoin (BTC).&nbsp;</p>  
<h2 class="wp-block-heading" id="h-fed-chair-expects-another-good-year">FED Chair Expects Another Good Year</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/WatcherGuru/status/1869477038127542450
 </div>
</figure>  
<p>Adding to the story, FED Chairman, <a href="https://www.federalreservehistory.org/people/jerome-h-powell" target="_blank" rel="noopener noreferrer nofollow">Jerome Powell</a> said that the market has avoided a recession and says that another good year is on the horizon. Indeed, this bodes well for the crypto market in particular as analysts expect Bitcoin price to hit $200,000 in the midst of the bull cycle playing out in the coming year.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/112000-bitcoin-ath-price-target-remains-despite-market-dump/" rel="noopener noreferrer nofollow">$112,000 Bitcoin ATH Price Target Remains Very Possible Despite the Brutal Ongoing Market Dump</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$112,000 Bitcoin ATH Price Target Remains Very Possible Despite the Brutal Ongoing Market Dump

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