Will the upcoming Fed meeting determine the fate of Bitcoin prices?

Hello dear readers, may this post serve to continue sharing contextualized information on the happenings of the cryptocurrency market price action, specifically whether the next Fed meeting will determine the fate of Bitcoin prices?

I wanted to address this topic following a conversation I had with a good friend, who was asking the following question; What will Fed announce after their next 2-day meeting (21-22), and will they feel enough pressure from the failure of those few banks to relax in their aggressive "fight against inflation".

To such questions, my direct answer was that the Fed would not get out of the same macabre script it has been applying, and that they will continue to raise interest rates to raise the extra money in circulation and try to smooth out the chaos with bank failures.

On the other hand, I also told my friend that the silver lining, was that the cryptocurrency market was ahead of the Fed's actions, and in a way, the price rally of a few days ago is very positive, as it will be able to withstand any adverse news that comes its way.

In this regard, we must consider that the collapse of three US regional lenders (Silvergate, Silicon Valley Bank and Signature Bank) plus the recent fall of global investment bank Credit Suisse, left the financial authority in a complicated position.

And that complicated situation in which the Fed is facing will undoubtedly determine the fate of Bitcoin prices, but at this point I think BTC has already consolidated a sideways and accumulation zone, so I believe that the Fed's decisions will have little impact on the current price zone.

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