Bitcoin gives FaM a wild ride

Bitcoin Gives Fam A Wild Ride


Key points

Bitcoin will reach 116,000 dollars again as it rises in the US trading session.

Traders can use the short-term BCCD. / 000, including $ 117,000 before the US federal record interest-rate decision.

The latest CME futures divergence finds the target lama as below.

Tokenmetrics

Bitcoin (BTC) on Tuesday Wall Street refused to stop the comeback with its disciples, Crypto crossed $ 116,000 after the endpy Wall Street.

BTC/USD hourly chart. Source: Cochastics/Trading View

BTC price volatility

Data from Kantmegraph Markets PRO PRO Pro and Wo trade view followed the 1.6% daily BTC price at $116,077.

To the surprise of traders, Bitcoin did not break the trend before the start of a more dramatic, major US inflationary event – in this case the Federal Reserve's demand-accounting decision.

The Federal Open Market Committee (FAMC) during the next press conference, Chairman Jerome Urolin Powell cut the Federal Open Market Framework (FAMC) in search of the language, which the markets fed in the following press injections.

“So far, good on a bit, it has started well after the maintenance and liquidation of the business and from this Crypto trader, analyst Michael Vava de.

Today we start bottling here and I guess it starts in the rest of the day of the week.

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BTC/USDT two hour chart with RSI data. Source: Michael Van Dam Pope / Ex

In a separate post, Van de Eppen is helping to make a sloppy connection between bitcoin and gold. The previous day fell to $3,886, the lowest since October 6.

“Gold is a high stake in assets, including the future consolidation and consolidation of risky contributions,” he wrote.

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One day chart of XUA/USD. Source: Cochastics/Trading View

Trader Kila, the main pre-enthusiastic class, had the first $117,000 in our minds to fill the gap in the CME group futures plans for the latest weekend near $111,000.

“CME GPAP is not as you see it and I think it can be a challenge to collect above this blue barrier.

“That said, we have a high probability of revisiting 111.2K,” he said.

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BTC/USD chart. Source Kila / x

$111,000 CME slots big

Many market articles saw the price of BTC increase before the house.

Related to the retail too expensive ‘expensive' board market threatens to end the cycle

Two areas of interest Two areas of interest indicated Two times – $106,000 USD – from $106,000 USD – from BTC / ASD to new-time levels.

“I'm still not at the top of BTC, and there is a big leg with a big leg,” he said.

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BTC/USDT eight hour chart. Source: Bit bells / x

As reported by Contresegrafist, the lack of trading volume and the lack of drinking holes in the leading indicator continue to raise doubts about the existence of the bull market or all-time highs.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.



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