Bitcoin stabilizes at 90 km ahead of fomc meeting: see forecast
key atways
BTC is down 1.35% and is running around $900,000.
Tomorrow's FAMC meeting of the cryptocurrency market has stabilized ahead of it.
More than $90K will last more than $90K
Bitcoin started to hit the 93k level during the week. However, in the last 24 hours, 1% of the price is more than 90 km of trade.
The mixed performance comes as traders look forward to tomorrow's revised tax rate decision. The federal reserve is expected to reduce the rate of inflation by more than 25%.
The US Personal Consumption Expenditure (PSCE) price index released last Friday by the Apex Bank was less likely to influence expectations for additional policy.
In addition, institutional demand for funds related to the BBC shows a decline in selling pressure compared to different weeks. According to Sosvaville, the S-REDONE SOPCOIN Bitccoin ETFS on Monday started to identify $60.48 million dollars.
It can be determined by the flow of BEF that they will play an important role in increasing Bitcoin recovery institutions.
Finally, the Michael Trace strategy achieved an average price of 10,624 bitcoins on December 1-7. Thanks to this acquisition, the company now holds 660,624 BTC worth $49.35 billion.
Bitcoin to $97 kg
BTC/USD 4-hour chart is positive and active in recent days. Last week's 61.80% Fireconcci Refore Reversal from $94,253 and 81.80% Fibonacci Refore level from 84,253.
However, it bounced back with $92K on Monday before dropping over $9000 to $900.
If the rally continues and daily $93k from $93k from $93k from $93k from $93k from $100,000 the next key resistance can be made.
The Relative Strength Index (RSI) on the 4-hour chart is near the 44-yearly 50 level, indicating a bearish momentum near the neutral 50 level. However, rsi did not pass the neutral level if it fixed the 93k resistance level from the $93k resistance level.
The moving average of local communication ability (MACD) started last week, which was held last week.
However, if the momentum fails to recover, Bitcoin may revisit the support level in the $85,569 region.
