Bitcoin, Ethereum Technical Analysis: BTC Falls From 5-Week High as Traders Continue to Digest Fed Decision – Market Updates Bitcoin News

) was once again trading below $18,000, as bears reentered the market following the latest Fed meeting./USD slipped to an intraday low of $17,642.51 earlier today.

The drop seemingly comes as traders moved to secure profits, after recording three straight days of gains.Looking at the chart, this reversal in price coincided with the 14-day relative strength index failing to break out of a ceiling at 60.00 As of writing, the index is tracking at the 57.17 mark, with the next visible point of support at 54.00.will be trading close to the $17,200 point.) also moved lower on Thursday, following the U.S. Federal Reserve’s decision to hike rates by 0.5%.

After the decision, Fed Chair Jerome Powell gave some market guidance stating that they “are getting close to the level we think [is] sufficiently restrictive.”

I don't think btc is coming back to the Ath

Well hopefully the price will be a little higher in a while. So I keep buying bitcoin on bfx

BTC just jumping around all over the place. Hopefully it will break through the barriers soon

44 NLKK

33 IIOZ

11 QQKO

55 EDPU

55 ICWB

55 SWOD

of course $GULF

11 INOW

22 DEKT

And still dropping soon

Welcome to the Zone

why always follow the Fed. bitcoin is still not independent. still in control

Is it irresistible?

MartiniGuyYT 1. If CPI DOWN, DXY index DOWN and BTC UP 2. Then FED RATE increases, DXY index UP and BTC DOWN. 3. On bad news rumor, BTC DOWN. 4. On good news rumor, BTC2 UP No stability. What kind of business model is this? Is this done purposely?

Total Returns, Last 7 Years... Bitcoin $BTC: +3,883% Nasdaq 100 $QQQ: +172% S&P 500 $SPY: +124% ARK Innovation $ARKK: +89% Russell 2000 $IWM: +79% Gold $GLD: +65% MSCI World ex-US $ACWX: +44% US Dollar Index $UUP: +14% US Bonds $AGG: +9% Treasury Bills $BIL: +6% Oil $USO: -25%

That's as bad as telling your pet dog you going out for a walk and then sit down and watch TV for another month. I know how it hurts.. My dog died 5 months ago waiting.

33 VWIF

22 MAEZ

Why is the price of Bitcoin falling because of the Fed's rate hike? I can't figure it out.

you can always see the rise and then the fall

FACT Ok yeah, but I only use ChiefraFba for signals and analysis

Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months

Everybody already know, good morning 😋

It was All planned, nothing new lol...🤣😂😁🤭

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