Bitcoin Investors Beware: Analyst Warns of BTC Price Crash After Fed Meeting

The Fed is expected to hold rates steady but even that could halt BTC's progress. All financial eyes today will be on the highly anticipated US Federal Reserve FOMC meeting, as its conclusion will shed more light on the central bank’s monetary policy views. Aside from the immediate impact on the financial markets after the interest rate decision is announced, investors will pay special attention to Fed Chair Kevin Warsh’s speech shortly after the meeting. BTC to Dump? The primary cryptocurrency tends to move quite sporadically in the days and hours leading up to the latest FOMC meetings. The past 24 hours have been rather positive for the asset, as it climbed from under $79,500 to $81,700 before it was stopped. Ali Martinez commented on this price uptick and outlined a bearish scenario for bitcoin once the meeting concludes. “In the FOMC meetings I’ve tracked, Bitcoin’s first-hour move has often been less than 1%. A clearer direction tends to emerge over the next 24 hours and has often persisted a week later.” He added that this history makes today’s price movement even more important, but warned that the current on-chain signals give him “reason to be cautious.” First, he noted th...