Analyst sees BTC rally continuing after FOMC

Michaël van de Poppe said Bitcoin is maintaining a solid rebound and is likely to extend its upward move after the Federal Open Market Committee meeting. He said BTC posted a strong rebound today, while South Korean stocks formed long lower wicks that signaled a bottom. From the current perspective, he said both the Nasdaq and Bitcoin have room to rise. Van de Poppe added the market appears to have priced in excessive fear ahead of the FOMC, and said Bitcoin’s resilience supports the view that the rally will continue.