Questions tagged [fomc meetings]

BonsaiGrace Tue Jul 16 2024 | 6 answers 1282

Did bitcoin pullback before FOMC meetings?

Has there been a historical pattern of <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> experiencing a pullback in its value prior to Federal Open Market Committee (FOMC) meetings? If so, what are the potential factors that could explain this phenomenon? Are investors anticipating policy changes or is it a mere coincidence? Does this pattern vary depending on the specific economic conditions surrounding the FOMC meeting? And finally, are there any indicators that traders can look out for to potentially predict such pullbacks before the actual FOMC announcements?