Bitcoin Market Poised for Volatility Ahead of FOMC Meeting

Trader Seth predicts a potential price dip in Bitcoin (BTC) before a recovery to challenge short positions. However, he anticipates limited gains from longs until the FOMC meeting on June 12th, citing the market's expectation of higher rates for a longer period. Seth highlights the significance of the FOMC's decision, considering the potential implications of rate hikes on the $34.7 trillion U.S. national debt and unemployment rates. The article also mentions the influence of Bitcoin as an institutional asset class and the upcoming Future of Digital Assets event on Nov. 19.