Bitcoin gets $28K ‘plunge protection’ with BTC price due new volatility
Bitcoin (BTC) traders braced for traditional volatility on July 26 as the United States Federal Reserve interest rate decision dawned.BTC/ USD 1-hour chart. While hardly moving since the start of the week, Bitcoin volatility was completely on market individuals radar, with macro activates simply hours away.As the first of these, the Fed rates announcement was tipped to spark unpredictable– if unreliable– short-term BTC rate moves, in line with tradition.Both the statement itself and subsequent commentary from Fed Chair Jerome Powell were of interest on the day. Source: TradingViewTraditionally inversely associated with danger assets and Bitcoin, DXY remains a topic of interest for some BTC traders eyeing historic trends.Among them is popular trader Moustache, who this week exposed a copycat Bitcoin/DXY situation echoing previous Bitcoin bull runs.A Bitcoin breakout, he argued, was just a matter of time.
Bitcoin (BTC) traders braced for traditional volatility on July 26 as the United States Federal Reserve interest rate decision dawned.BTC/ USD 1-hour chart. Source: TradingView” Let the video games begin” for Bitcoin– FOMC day arrivesData from Cointelegraph Markets Pro and TradingView revealed BTC cost action hovering near $29,200. While barely moving because the start of the week, Bitcoin volatility was completely on market participants radar, with macro triggers simply hours away.As the first of these, the Fed rates statement was tipped to stimulate irregular– if undependable– short-term BTC cost relocations, in line with tradition.Both the announcement itself and subsequent commentary from Fed Chair Jerome Powell were of interest on the day. Source: TradingViewTraditionally inversely associated with risk properties and Bitcoin, DXY remains a topic of interest for some BTC traders considering historical trends.Among them is popular trader Moustache, who this week revealed a copycat Bitcoin/DXY situation echoing previous Bitcoin bull runs.A Bitcoin breakout, he argued, was only a matter of time.
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