#CryptoObservers#

Are the #Bitcoin# and #BNB# Coin Rockets Firing Up? Expected Within a Few Days

The king cryptocurrency has turned its direction upward to break free from the narrow range and is moving towards the $70,000 limit. We are seeing that losses are slowly starting to reverse for altcoins. After the median interest rate forecasts for the next 3 years are released, the roadmap for crypto, which has started to price in the Fed meeting, will become even clearer.

On June 7th, a sharp drop began at $72,000, which was not surprising. Despite the high unemployment rate, the additional 0.1% increase in wage increases and the Non-Farm Payrolls coming in close to 100,000 above expectations triggered the sales. Is this a terrible thing? Not so much, and the Fed will not want to amplify such small losses on this challenging journey.

It is known that the Fed will not cut interest rates in June. It is likely that we will see the first cut in September, but since it is unknown what we will encounter with the inflation data to be announced on Wednesday, investors will want to remain cautious for a few more days.

Bulls finding strength from the 20-day EMA are maintaining the $68,603 level and limiting the pullback. Today, we see that lower levels are being evaluated by buyers with a return near $70,000. If the scenario desired by the bulls comes true, a move towards the $73,777 ATH and the $80,000 main target can start from here.

Beyond that, $88,000 and the six-digit price targets that have been dreamed of since day one will come to the agenda. However, if the support level is lost, the decline could deepen to $65,807.

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