Bitcoin Forecast: What’s next?

Photo by Kanchanara on Unsplash

The price of Bitcoin (BTC) is approaching the critical support at $20,000 as investors await a massive 0.75% interest rate hike from the Federal Reserve. BTC is trading at $21,500, well below the all-time high of over $68,000. Prices of other coins such as Monero, Near Protocol, and Cardano have also plummeted.

U.S. Federal Reserve could raise the benchmark interest rate by…