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Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin News

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BTC falls below $28,000 ahead of upcoming FOMC rate decision.

/USD slipped to an intraday low of $27,680.79 earlier in today’s session, which came less than 24 hours after trading at a high of $28,626.28.

As a result of this move, bitcoin nearly collided with its recent price floor at $27,600, hitting a six-day low in the process.Looking at the chart, the latest decline comes as the relative strength index moved below a floor of its own at 50.00. At the time of writing, the index is tracking at 46.17, with the next visible point of support at 43.00.

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