According to today's news about the Fed maintaining interest rates, Bitcoin has been moving in a sideways range because the market is waiting for clear signals from Jerome Powell. The rate remained between 3.5% and 3.75%, which keeps uncertainty and prevents BTC from rising sharply or falling sharply.
Analysts say that Bitcoin is trapped more or less between:
Support: 70,000 – 72,000 USD
Resistance: 75,000 – 80,000 USD
As long as the Fed does not lower rates, the price usually stays within range. #fed #btc #btc70k #powel
Analysts say that Bitcoin is trapped more or less between:
Support: 70,000 – 72,000 USD
Resistance: 75,000 – 80,000 USD
As long as the Fed does not lower rates, the price usually stays within range. #fed #btc #btc70k #powel