Premium Invest Hub
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Popular Topics
  • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
  • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
  • Spanish woman killed by elephant in Thailand while bathing animal, police say
  • US adds Chinese tech giants to list of companies allegedly working with China’s military
  • Bad news for homebuyers in the Northeast and Midwest

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Premium Invest Hub
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Investing

    Bitcoin Price Prediction as BTC Falls 7% in 7 Days – Time to Buy the Dip?

    • December 13, 2023


    Bitcoin, the pioneering and most prominent cryptocurrency, has recently faced a downward trend, slipping below $42,000 earlier this week. This decline, accentuated by the release of the latest US Consumer Price Index (CPI) numbers, raises questions about the asset’s short-term trajectory.

    Despite this setback, Bitcoin remains above $41,000, asserting its 53% market dominance. The crypto market’s sensitivity to Federal Reserve policy decisions remains evident.

    Brief market news Wednesday – December 13

    + Bitcoin retreats to $41K, US stocks increase for 4 consecutive sessions as inflation continues its downward trend although the pace is still slow

    + The FED will announce interest rates and economic forecasts on GDP, inflation, and… pic.twitter.com/ujsY4sholE

    — Crypto Revolution (@cryptorevoX) December 13, 2023

    Current market sentiment oscillates with expectations surrounding the Fed’s interest rate decisions.

    While a pause in rate hikes, signaling a slowdown in inflation, might inject optimism among investors, the possibility of increased rates – already at their highest in 22 years – looms as a potential catalyst for further downturns in the cryptocurrency sector.

    Federal Reserve’s Outlook: Implications for Markets and Bitcoin


    The Federal Reserve’s decision to potentially maintain interest rates at today’s meeting is drawing significant attention, particularly regarding their projections for the upcoming year.

    The anticipated “dot plot” may indicate a leaning towards rate cuts to stimulate growth as inflation approaches the Fed’s 2% target.

    #Markets in Red Wednesday Ahead of Fed Rate Decision; BTC #Ordinals Debate Escalates — Daily #Price Update 12.13.23 #cryptocurrency pic.twitter.com/m7HXiujcI4

    — Bitcoin.com News (@BTCTN) December 13, 2023

    Despite robust employment data in November, the Federal Reserve views the current rate range of 5.25% to 5.50% as restrictive.

    Financial markets are anticipating a possible rate reduction next spring, but the Fed’s lack of explicit guidance creates a risk of disappointment.

    The market’s hope for potential rate cuts has injected optimism, but if the Fed’s conservative stance falls short of expectations, it could positively affect Bitcoin’s price.

    In times of economic uncertainty, investors often turn to alternative assets like Bitcoin, suggesting potential upward movement for the cryptocurrency in response to Fed decisions.

    Bitcoin ETF Prospects Rise as Financial Titans Engage with SEC


    Recent discussions between major financial institutions like BlackRock, Franklin Templeton, Fidelity, and Grayscale with the U.S. Securities and Exchange Commission (SEC) have stirred excitement in the cryptocurrency world, particularly regarding Bitcoin ETF (Exchange-Traded Fund) approvals.

    BlackRock, the globe’s largest asset manager, has held its third meeting with the SEC in recent weeks, emphasizing the urgency and seriousness of these discussions. Fidelity has also actively engaged with the SEC, submitting operational plans for its proposed spot Bitcoin ETF.

    Financial Giant BlackRock and Others Continue to Discuss Bitcoin ETF Application with the SEC: Here are the Details! – Bitcoin Sistemi https://t.co/Znub1OXV4t

    — @actnow_changenow (@Wawel74) December 13, 2023

    These conversations, involving crucial SEC divisions such as Trading and Markets and Corporate Finance, are pivotal for any rule changes and new ETF registrations. The heightened activity and engagement indicate a growing anticipation for potential SEC approvals of Bitcoin ETFs.

    The crypto community is keenly awaiting updates, as these developments from financial heavyweights could pave the way for Bitcoin ETFs, potentially influencing Bitcoin’s price positively.

    Positive regulatory movements, especially in the form of approved ETFs, could signal a new era of accessibility and legitimacy for Bitcoin in the mainstream financial market.

    Bitcoin Price Prediction

    Bitcoin, the cryptocurrency market leader, is navigating choppy waters as it oscillates around the $42,000 level. The chart timeframe under scrutiny shows Bitcoin encountering resistance at the $42,811 mark, with further resistance awaiting at $43,753 and a more formidable barrier at $44,838. Immediate support is found at $41,728, while additional safety nets are positioned at $40,744 and $39,797.

    Technical indicators reveal a Relative Strength Index (RSI) at a moderate 40, signifying neither overbought nor oversold conditions, pointing towards a potential consolidation phase.

    The 50-day Exponential Moving Average (EMA) is at $42,119, slightly below the current price, which could indicate a tentative bullish bias.

    Chart patterns suggest a testing of the immediate resistance level, with Doji candles forming near the pivot point, hinting at indecision yet a possible preparation for an upward price movement.

    In conclusion, Bitcoin’s trend appears neutral with a cautious lean towards bullish above the pivotal $42,000 mark.

    Short-term, the cryptocurrency might challenge the immediate resistance at $42,811, with the potential to push towards higher levels if the broader market sentiment turns favorable, especially in response to macroeconomic factors like the Federal Reserve’s rate decisions.

    Top 15 Cryptocurrencies to Watch in 2023


    Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023. Our list has been curated by professionals from Industry Talk and Cryptonews, ensuring expert advice and critical insights for your cryptocurrency investments.

    Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.

    See the 15 Cryptocurrencies

    Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.

    The post Bitcoin Price Prediction as BTC Falls 7% in 7 Days – Time to Buy the Dip? appeared first on Cryptonews.

    Previous Article
    • Investing

    Bitcoin Exchange CoinMENA Receives Operating License From Dubai’s VARA

    • December 13, 2023
    View Post
    Next Article
    • Investing

    Justin Sun Says Customer Assets Are 100% Safe Despite $200 Million Hacked From Exchanges

    • December 14, 2023
    View Post

      Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


      By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

      Popular Topics
      • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
      • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
      • Spanish woman killed by elephant in Thailand while bathing animal, police say
      • US adds Chinese tech giants to list of companies allegedly working with China’s military
      • Bad news for homebuyers in the Northeast and Midwest
      Copyright © 2025 premiuminvesthub.com | All Rights Reserved
      • About us
      • Contact us
      • Privacy Policy
      • Terms & Conditions

      Input your search keywords and press Enter.