Bitcoin gets ‘whale games’ warning as BTC price eyes $40K into US data

Source: TradingViewBitcoin meets macro data, Feds Powell at crucial cost pointData from Cointelegraph Markets Pro and TradingView revealed BTC price trajectory continuing to aim for brand-new 18-month highs.After matching present highs the day prior, the biggest cryptocurrency surprised by keeping a grip on greater levels as futures markets hit $39,000. Alan continued that words due Dec. 1 from Jerome Powell, chair of the United States Federal Reserve, might offer an external BTC price catalyst that could even bring $40,000 into play.Whales, however, would be spying on a crucial level at which to sell off. “That doesnt imply that # JPows speech cant be the catalyst that sends out price previous $40k, specifically as we see quote liquidity coming in above $37.5 k, but if you arent prepared to sweep the regional lows between now and then you have not been paying attention to how these Whale Games tend to play out.

Source: TradingViewBitcoin meets macro data, Feds Powell at crucial rate pointData from Cointelegraph Markets Pro and TradingView revealed BTC rate trajectory continuing to intend for brand-new 18-month highs.After matching current highs the day prior, the largest cryptocurrency shocked by keeping a grip on greater levels as futures markets hit $39,000. Alan continued that words due Dec. 1 from Jerome Powell, chair of the United States Federal Reserve, might supply an external BTC cost catalyst that could even bring $40,000 into play.Whales, nevertheless, would be spying on a crucial level at which to sell off. “That doesnt suggest that # JPows speech cant be the catalyst that sends rate past $40k, especially as we see bid liquidity coming in above $37.5 k, but if you arent prepared to sweep the regional lows in between now and then you havent been paying attention to how these Whale Games tend to play out.

“I believe theyre going to cut rates; I believe theyre going to cut rates sooner than individuals expect,” he said.Ackman continued that not cutting rates “quite soon” would increase the danger of a so-called hard landing for the U.S. economy as inflation tails off.”I think the market expects sometime in the middle of next year; I think its more likely, most likely, as early as Q1,” he predicted.This short article does not consist of investment advice or suggestions.