Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds

Source: TradingViewMarket “set to accommodate” BTC price volatilityData from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior.Crypto markets revealed conviction in the decision on interest rates by the United States Federal Reserve.” Material Indicators included that the subsequent speech and press conference from Fed Chair Jerome Powell must lead to more “spicy” BTC price action.An accompanying chart revealed some bid-side liquidity parked at $26,650, while considerable quotes were still just at $25,000. To the benefit, sellers lay in wait at $27,450– the local BTC rate high from September.BTC/ USD order book data for Binance.

Source: TradingViewMarket “set to accommodate” BTC price volatilityData from Cointelegraph Markets Pro and TradingView showed the BTC cost focus moving upward compared to the week prior.Crypto markets showed conviction in the choice on interest rates by the United States Federal Reserve.” Material Indicators added that the subsequent speech and press conference from Fed Chair Jerome Powell need to lead to more “spicy” BTC cost action.An accompanying chart showed some bid-side liquidity parked at $26,650, while significant quotes were still just at $25,000. To the benefit, sellers lay in wait at $27,450– the local BTC cost high from September.BTC/ USD order book information for Binance.

Crypto Tony, meanwhile, flagged $26,800 as the line in the sand for Bitcoin bulls to safeguard.”This is what I am looking for to stay in my long position. Must hold above $26,800 support zone, or we run the risk of developing a deviation,” he commented along with his own chart.BTC/ USD annotated chart. Source: Crypto Tony/XCollect this post as an NFT to protect this minute in history and reveal your support for independent journalism in the crypto space.This short article does not consist of financial investment guidance or suggestions. Every investment and trading relocation involves threat, and readers should conduct their own research study when deciding.