Bitcoin, Ethereum Technical Analysis: BTC Heads Towards $40,000 Following FOMC – Market Updates Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Bitcoin heads toward $40,000, as FederalReserve increases interest rates by highest level in 20-years.

Today’s rally was halted by a key resistance point of $39,800, which has historically been the main obstacle preventing prices entering $40,000.

Looking at the chart, this resistance coincided with another ceiling within the RSI indicator, as price strength was unable to move past 48.70. As we identified yesterday, this level of resistance would be an area of contention for both bulls and bears, and it seems that bears have so far won this battle.was also higher during today’s session, as the uncertainty surrounding the Federal Open Market Committee meeting finally passed.hitting a one-week high as a result.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Everything will be fine with bitcoin. I will buy USDT and wait for the rising BTC to sell it.

What should happen to increase the price of a $50k dot? I'm afraid to think about it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Institutional Investors Exit Market As Crypto Declines, New Report RevealsFollowing the failure of the crypto market to return to its former glory, institutional investors are fleeing in droves. The market has seen a large outflow of institutional cash in recent weeks, according to multiple sources. Coinshares made the figure surrounding the conversation available a...
Source: CryptoPanicCom - 🏆 563. / 51 Read more »