The post Bitcoin Price Prediction for this Week appeared first on Coinpedia Fintech News
Bitcoin has been going through big price swings, recently dropping below $77,000 before bouncing back to around $83,000. These moves have been caused by regulatory issues, economic uncertainty, and large market liquidations. However, all eyes are now on the upcoming Federal Open Market Committee (FOMC) meeting, which could significantly impact Bitcoin’s price this week.
What to Expect from the FED Meeting
Scheduled for March 19, the meeting is expected to provide insights into the Federal Reserve’s stance on interest rates for February. Current expectations suggest that the FED will keep interest rates unchanged, maintaining the benchmark rate at 4.25% to 4.5%, just as it did in January.
FED Chair Jerome Powell and other officials have hinted at a cautious approach to rate adjustments, especially given the ongoing economic uncertainties. Key concerns include potential inflation ris
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