19.09.201916:32 Forex Analysis & Reviews: Missed Chance: Bitcoin Ignored Fed Decision

Opportunities, which fate sometimes gives, can turn the whole future life. This is especially true for the financial market, particularly in the cryptocurrency sphere. Seizing a chance in this innovative field is a special skill. The leader of the crypto market, Bitcoin, was usually lucky in such situations, but not this time.

According to some analysts, cryptocurrency No. 1 missed a good chance to grow, ignoring another reduction in the key rate of the US Federal Reserve on Wednesday, September 18. At the same time, many experts predicted a rise in the price of military-technical cooperation at this event.

However, a miracle did not happen. On Thursday, September 19, the leading digital asset fell below an important psychological level of $10,000. Now, it needs to survive amid quantitative easing and a potential reduction in rates, experts emphasized. They admit that due to emergency measures taken by the US Federal Reserve, bitcoin can fly up to $ 20,000, but not in the near future.

According to Travis Kling, the manager of the cryptocurrency fund, a number of specific characteristics of the MTC makes it a safety mechanism that protects capital from the negative effects of the monetary policy of world central banks. Experts believe that the current price of bitcoin near the $ 10,000 mark indicates the consolidation of the leading cryptocurrency. They believe that in the near future, the main digital asset will become a little cheaper but in the future it will regain lost ground.