- Crypto enthusiasts prepare to see major recovery phase.
- But only if the FOMC meeting will go a certain way.
- That could lead to a mega bullish November run.
Top crypto community leaders come together to discuss what the impact of the FOMC meeting will lead to in the next few hours. In detail, crypto enthusiasts prepare to see major recovery phase if FOMC meeting goes a certain way. Presently, the Fed’s FOMC meeting nears, and analysts and traders are hoping to see a bullish green price reaction in the coming days ahead.
Crypto Enthusiasts Prepare to See Major Recovery Phase
At the moment, several analysts are sharing their two cents on what they expect to play out following the FOMC meeting that is set to take place in a few hours. Ever since the $20 billion liquidation event that left the crypto market in a state of reset, analysts have been debating over bearish vs bullish reactions. This event that wiped out nearly all altcoin leverage and long trades, has been devastating for altseson sentiments.
What Will the Latest FOMC Meeting Unveil?
Over the last week, bearish expectations have taken over the crypto space, and reputed crypto analysts are sharing both bullish and bearish signals across the crypto price chart. To highlight, bearish analysts believe that the bear market has begun, using the 4-year bull cycle as a reason behind this prediction. These analysts believe that the bull market days have been accounted for meaning a bear market is in motion.
As we can see from the post above, this trading expert says that he has never heard the chants of ‘the 4-year bitcoin cycle is dead’ louder than recently. He says that this is not a statement with merit, as the cycle only measures the time between bear market lows, nothing more, and where it tops in the cycle, will change over cycles. So, it’s not at all about it topping at the same point cycle after cycle.
He concludes by saying that in far future cycles, we will see just 18-month bull market phases within a cycle. Already, some analysts notice that every cycle has ended a month earlier than the previous cycle. Could this pace accelerate soon? Presently, Lark Davis, a reputed face in the crypto community, joins the conversation by stating bullish expectations are growing as the FOMC meeting nears.
As he mentions in his latest post, Lark Davis shed light on the fact that the FOMC meeting is only a few hours away, and the Fed Chair Jerome Powell is expected to cut interest rates by 25 bps. What’s more, Rumors are floating that the markets could see the end of QT tomorrow, along with the US-China trade conversation finally reaching a deal soon. If all goes well, a mega bullish November could be on its way for crypto.
