Bitcoin, Ethereum Technical Analysis: BTC Moves Away From $20,000 Following Historic Fed Rate Hike – Market Updates Bitcoin News

As inflation in the United States rose to a 44-year high of 8.6% last month, the Fed responded by hiking rates by 0.75%.was marginally higher on Thursday, as markets responded to the latest interest rate hike from the Federal Reserve./USD rising to $22,868.92 as an ostensible result.

Thursday’s move sees bitcoin move away from yesterday’s low of $20,391.30, and comes as traders attempt to create a new support point.As of writing, it looks as though the $21,100 point could be a potential price floor, however, bears will likely attempt to sendIn addition to price, the 14-day RSI also seems to have settled at a support area of 23.20, which might give bulls some optimism.

However, should relative strength be relegated below this point, the $19,000 target that bears have in their sights may still be hit.was close to falling below $1,000 on Wednesday, however it has also rallied in today’s session following the FOMC meeting./USD hit an intraday high of $1,246.14 earlier in today’s session.

The crypto market will not see much of an uptick for now

B 10 000,00

Way to go $paw

Gearing up for massive move $PAW

Love the change $PAW

Gearing up for massive change $PAW

Oh ,cool $PAW

HACHIKO_BSC

buy the bad news they say 😇

Can't believe i didn't think of it myself

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