. He has pleaded not guilty to the charges.
"Bitcoin is consolidating after making a five-month high. The recent rally couldn't break above the $23,500 level, which could pave the way for a minor dip towards the $22,000 region," Edward Moya, senior market analyst at Oanda, said in a note late Tuesday. He said bitcoin faces major macro events that could lead the world's largest cryptocurrency to tread water in the short term.
"When all the dust settles from Q4 GDP, the Fed's preferred inflation gauge, and the Federal Open Market Committee decision, strong resistance should come from the $25,000 level," he said.
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