Bitcoin found heavy resistance at $4200 which would be Fibonacci retracement level 0.236 if the bottom were in at $3475.
It will be interesting to see how Fed statements at noon EST today affect Bitcoin as it rebounds.
I would suggest that if the Fed show signs of easing and USD drops this would send Bitcoin back above the $4200 level and on track for a faster recovery. Inversely if Fed chief Powell suggest that a continuation of the rate hikes is necessary we will see BTC headed lower into the 3800s and below for a slower recovery.
It will be interesting to see how Fed statements at noon EST today affect Bitcoin as it rebounds.
I would suggest that if the Fed show signs of easing and USD drops this would send Bitcoin back above the $4200 level and on track for a faster recovery. Inversely if Fed chief Powell suggest that a continuation of the rate hikes is necessary we will see BTC headed lower into the 3800s and below for a slower recovery.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.