What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip

Continuing, fellow trader Crypto Tony repeated the importance of keeping $26,800 into the weekly close.” So my strategy was to long while we remained above $26,800 and thus far that is what we are doing,” he talked about the day.” Certainly came down a bit so up to the bulls now to end today on a bullish high.” BTC/USD annotated chart. Source: Crypto Tony/XBTC monthly close focus sharpensCovering the impetus for the post-Fed drop, trader Crypto Ed suggested that the previous tap of month-to-date highs could be trigger for suspicion.Related: Bitcoin all-time high in 2025? BTC rate idea exposes bull run launch #BTC In my recent updates, I shared my feeling that “something” was off with that recent rise to $27,5 kSpot (white) offloading here is possibly a warning … … pic.twitter.com/oabzVKuOvx— Ed_NL (@Crypto_Ed_NL) September 21, 2023

On longer timeframes, trader and expert was also conservative, maintaining his existing theory of BTC rate disadvantage to come. #BTC Bitcoin Bearish Fractal Update$ BTC #Crypto #Bitcoin https://t.co/4H3OMiDzFB pic.twitter.com/Gn3iH75DFw— Rekt Capital (@rektcapital) September 21, 2023

Source: TradingViewBitcoin: “Rangebound till proven otherwise” Data from Cointelegraph Markets Pro and TradingView revealed BTC cost strength subsiding prior to the Wall Street opening, down by around 1.5% on the day.Bitcoin had actually delivered a cool response to the Federal Reserves interest rate time out, and Chair Jerome Powells speech and press conference likewise stopped working to trigger major volatility.Contrary to the expectations of many, BTC rate action acted as if no catalysts were present at all.” Price is still in the exact same area, but at least now we do not have FOMC hanging over our heads. I expect higher costs.

Bitcoin (BTC) slipped from $27,000 on Sept. 21 as the dust settled on the latest United States macroeconomic events.BTC/ USD 1-hour chart. Source: TradingViewBitcoin: “Rangebound till proven otherwise” Data from Cointelegraph Markets Pro and TradingView showed BTC price strength subsiding prior to the Wall Street opening, down by around 1.5% on the day.Bitcoin had actually delivered a cool reaction to the Federal Reserves interest rate pause, and Chair Jerome Powells speech and press conference likewise failed to spark major volatility.Contrary to the expectations of many, BTC cost action acted as if no drivers were present at all.” Price is still in the exact same area, but at least now we do not have FOMC hanging over our heads. I expect greater prices. BTC cost idea reveals bull run launch #BTC In my current updates, I shared my feeling that “something” was off with that recent rise to $27,5 kSpot (white) unloading here is perhaps a warning … … pic.twitter.com/oabzVKuOvx— Ed_NL (@Crypto_Ed_NL) September 21, 2023

On the month-to-month chart, he included, assistance at $27,150 had actually flipped to resistance.”The BTC Monthly level of ~ 27150 was lost as support last month,” part of his commentary from the past 24 hours read. “Now $BTC is turning down from the very same level ~$27150 is serving as resistance for the time being.”BTC/USD annotated chart. Source: Rekt Capital/XThis post does not consist of investment suggestions or recommendations. Every financial investment and trading relocation involves risk, and readers need to perform their own research when deciding.

Other Questions People Ask

What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip and how does it affect traders?

The recent dip to $26,700 demonstrates that Bitcoin's price action is largely unaffected by external events like the FOMC meeting or Mt. Gox developments. Traders should focus on maintaining positions above critical support levels, such as $26,800, to capitalize on potential upward movements. As noted by Crypto Tony, the weekly close will be crucial for determining the next steps for BTC.

What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip and what should investors watch for?

Investors should keep an eye on Bitcoin's price behavior around the $26,800 mark, as it serves as a significant support level. The lack of volatility following the FOMC meeting suggests that market participants are cautious and waiting for clearer signals. Additionally, the shift of previous support at $27,150 to resistance indicates a potential bearish trend that could impact future price movements. Monitoring these levels will be key for making informed investment decisions.

What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip and what does it mean for future trends?

The recent price action indicates that Bitcoin may remain rangebound until proven otherwise, as highlighted by various traders. The failure to react significantly to the FOMC's interest rate pause suggests that market sentiment is currently subdued. This could mean that traders should prepare for a period of consolidation before any major breakout occurs. Keeping track of resistance levels and market sentiment will be essential for anticipating future trends.

What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip and how can traders strategize?

Traders can adopt a strategy of longing while Bitcoin remains above the critical level of $26,800, as suggested by Crypto Tony. This approach allows for potential gains if the price rebounds from this support zone. Additionally, being aware of bearish signals, such as the resistance at $27,150, can help traders make timely decisions to mitigate risks. Continuous analysis of market conditions will be vital for effective trading strategies in this volatile environment.