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Bitcoin touched almost $24,000, can it touch $25k ahead of the FOMC meeting in February?

From the start of the year 2023, Crypto Market is indicating a bullish trend. Bitcoin is now supporting the base resistance level of $23,000. Over last weekend, the bulls were able to push its price around $24,000, It touched $23,920 as per CMC. 

The price of Bitcoin has surged over 40% this year. It seems the next major resistance support could be $24,300. The price may even touch $25,000 ahead of the FOMC meeting which is supposed to happen in the first week of February. The expectations are a 25bps or 0.25% rise in interest rates, which could result in an increase from 4.5% to 4.75% in interest rates.

However, it will be interesting to see how it gonna led to a massive bullish rally in the upcoming days. As of now, at the time of writing this article, Bitcoin is trading at $23,100 and has a marketcap of $445 Billion.

>> Disclaimer:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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