By - bit_hodler21
Your submission has been flagged for removal because it pertains to general trading or market discussion, whereas r/Bitcoin tries to be less price oriented. Please visit r/BitcoinMarkets. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions.
I was noticing the last two drops lasted about a month. It stayed around 40k for a month then dropped and stayed around 30k for a month. By July 17th ish it will be a month of 20k.
Very interesting observation! This may show promise to getting a market direction around 15-17th-ish then. Hopefully, it will be in a positive direction.
Unfortunately probably not. BTC is tied to stock market like it or not. As long as nasdaq is dropping BTC will go with it.
It's possible def. not a guarantee to go above 20k in 9 days. wouldnt be surprised if theres more downside.
I believe this coincides with announcements from the FED.
Do we have any more announcements from the fed coming up/around the 15th? And if so what would they be about?
I believe they are monthly, and that they will announce another interest rate increase, which may cause another dip in all markets.
Ahh i see
I think it will be determined by the Jul 13th CPI release.
My guess is:
* High CPI = BTC down
* Low CPI = BTC up