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Federal Reserve Expected to Provide Guidance for Bitcoin and Ethereum in June 2023, Possible Rate Hike Pause and Price Predictions Revealed

The Federal Reserve is set to offer further guidance on Bitcoin and Ethereum in June 2023, with a potential pause in rate hikes if inflation remains low.

Bitcoin and Ethereum may see a rally to $30,000 and $2,000 respectively, but recent events such as the US debt ceiling and banking crisis have caused investor uncertainty, leading to a 7% drop in Bitcoin's price to close May at $27,200.

The Fed's rate decision in June 2023 will have a significant impact on the future trends of Bitcoin and Ethereum, with a pause potentially allowing Bitcoin to climb above $27,500 and aim for $30,000.

A forecast by CoinChapter suggests that Bitcoin and Ethereum may face resistance and support levels near $1,900 in the first half of June 2023, with their direction depending on the Fed's rate decision.

A pause could lead to Bitcoin crossing above $27,500 and Ethereum rising towards the $2,000-2,100 range, while a rate hike could push Bitcoin below its support line towards $25,000 and increase the likelihood of Ethereum dropping to $1,800.

Bitcoin Bitcoin $62,070.81
+2.34%
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