Crypto Prices Will 'Nuke' If 100 bps Rate Announced at FOMC Meeting

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Crypto Chase (@Crypto_Chase, formerly @Chase_NL) has approximately 100,000 followers across Twitter and YouTube and correctly sold BTC at over $56k and ETH above $4k.

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His FOMC prediction is for crypto prices to crash in a 'giga nuke' if a 100 bps rate hike is the outcome - which the market predicts has a 16% probability of happening.

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If a 75 basis points hike is announced, he expects liquidity to be run in both directions - choppy price action and the usual 'Darth Maul candle' to stop out longs and shorts

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before the long term crypto price move is decided by Fed chair Powell's comments.

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Trading Tank (@TheTradingTank) posted a longer crypto prices forecast for his 7,700 followers across an eight-tweet thread.

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His analysis was that since core CPI and PPI data 'came in hot' and inflation was higher than expected, the stock and crypto markets may have sold off as a reaction to price in a 75 bps rate hike.

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Similar to Chase Crypto, he expects a further sell off if a 100 bps hike is announced, potentially to test the lows (for the Bitcoin price, the $17,600 level hit in June) or crash further.

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However, he also notes a 75 bps hike could improve sentiment and lead to a mid term crypto price rally - feeling like a 'victory lap' if it is in fact already priced in.

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