Here are the key dates for macro events to watch in 2023

[ad_1]

The bitcoin and digital asset markets typically react strongly to announcements of rate hikes by the Federal Reserve, causing Federal Reserve (Fed) meetings to follow events closely.

Market watchers note that FOMC meetings frequently bring considerable volatility, with analysts carefully scrutinizing the words of Fed Chairman Jerome Powell for clues about longer-term economic policies.

Also in 2023, the spotlight will be on these meetings for clues about the direction that rate hike policy might take and the projected path of inflation. The FOMC holds eight regular meetings each year, with the ability to hold additional meetings as needed.

The committee of 12 U.S. central bankers meets for two days to review economic numbers, discuss monetary policy decisions made public after the end of the second day of meetings, and hold a press conference with Jerome Powell as speaker.

The Fed meeting dates in 2023 are: Jan 31 1, Mar 2122, May 2-3, Jun 1314, Jul 2526, Sep 1920, Oct 31 Nov 1 and Dec 31. 1213.

January bullish?

The next Fed meeting will not take place until January 31. 1 based on the dates above. Santiment forecasts that market speculators could engage in bullish trades in early January 2023 for several reasons outlined in its analyst report.

He said if the US stock market experiences a relief rally in early January, it could boost sentiment among cryptocurrency traders.

According to the on-chain analytics firm, if Bitcoin can break out of its 51-day range, it might try to hit the $20,000 level.

Unfortunately, recent macroeconomic developments have led to weak positive moves for Bitcoin. In this scenario, if the range barrier is not breached, Bitcoin may approach the $14,000 area.

[ad_2]