Bitcoin bulls risk trading range loss as BTC price nears 2-month lows

The downside came after the United States Federal Reserve released the minutes of its July conference to talk about future financial policy.Members of the Federal Open Market Committee (FOMC) exposed issues that inflation might stay elevated without more interest rate hikes– something risk possessions did not want to see going forward. Source: TradingViewBitcoin also challenged the lower border of the multi-month trading variety, previously highlighted by popular traders Daan Crypto Trades and Crypto Tony.BTC/ USD annotated chart. Source: Daan Crypto Trades/X”$28,800 has actually now been lost on Bitcoin so i will be looking to short this down now while we stay listed below $28,800,” the latter informed X subscribers on the day, adding that $28,000 was his very first target.BTC/ USD annotated chart.