BITCOIN price, CPI, FOMC-Fed Funds Rate Next week will be hotπŸ”₯

P_S_trade Updated   
WHITEBIT:BTCUSDT   Bitcoin / Tether US
Today, we will share with you our estimates on the possible movement of the BTCUSDT price over the next week.

Let's start with the fact that last week's trade was justified, and it is still relevant. Buyers managed to keep the price above the liquidity zone of $16400-16600.

Over the next few days, we expect that buyers will find the strength for another upward impulse. The main task of the upward momentum is to break the next portion of the shorts' stops, which are hiding above $18000.

And then, ideally, the final retest of the strength of the liquidity zone $16800 - 17100. If buyers do not allow the BTC price to consolidate below this zone, then it will be possible to speak with greater confidence at least about a local change in the trend.

At the beginning of next week, increased volatility in the market is guaranteed. After all, on 13.12 the US Consumer Price Index (CPI) will be updated, and on 14.12 the Federal Reserve will announce a new US Fed funds rate (forecast +0.5%)

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The weekly candle closed neutral.
Perhaps now the bottom of the "Tower" pattern is being formed. Working out of this pattern is a strong and rapid growth to at least $20000-21000 per week to form a strong green candle.

In order to follow the weekly timeframe of the BTCUSDT price movement, as well as to reading when and why the price of 355K per BTC is possible, we recommend reviewing the idea:
U.S. CPI - 7.1% (forecast 7.3%, previous value 7.7%)
The SP 500 and the cryptocurrency market reacted with growth.
The BTCUSDT price for an incomplete day showed an increase of +4-5% and this is great, but the stops of shorts above $18000 have not yet been broken, they are defending themselves.

This is likely to happen tomorrow after the announcement of the new Fed rate, and during Powell's speech and answers, the price will be corrected, according to the schedule of this idea.

To be continued tomorrow!)
Timely, clear, and on target. Stops of shorts above $18000-182000 are broken. Price correction is possible. The main thing is that buyers keep the price above the liquidity zone of $16800-17100

The Fed rate was raised on the expectation of +0.50%, to 4.50%. This is the final value for 2022, more - this year will not be raised)
On the plus side, it was the 7th rate increase in 2022 and for the first time, the rate of increase decreased. Not +0.75-1% as in previous months, but +0.5%
Of the minuses - Powell said that this is not the end of tight regulation, because their goal is 2% inflation
And now inflation in the US, although it has a falling trend, but yesterday it was recorded at 7.1%.

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