Bitcoin (BTCHe passed $ 84,000 in the Wall Street Open on March 19, as the markets raised the decision of the interest in the United States to the Federal Reserve.
BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView
Bitcoin lacks risk numbers to “Widwinds” to FOMC
Data from Cointelegraph Markets Pro and Tradingvief The highest local levels of $ 84,358 showed Bitstamp.
The origins of the risk were on the brink of the abyss in front of the FOOC Open Market Committee (FOMC), where the Federal Reserve Bank is expected to maintain the rates at least June, for all data from the CME’s Group Fedwatch tool.
The risk of average average in the Federal Reserve (screen shot). Source: CME Group
The nature of the subsequent comment from the Federal Reserve Chairman Jerome Powell was more interested in merchants. Really honestPowell faces pressure from American commercial tariffs, as inflation markets only begin to fall.
“The FOMC meeting is likely to be very fixed.
“Given that it will take months for the impact of definitions on the economy, we expect the Federal Reserve Bank to remain” waiting and seeing. “
While having $ 80,000 a week, Bitcoin’s fate hung in the scale as American stocks saw a noticeable negative aspect.
The S& P 500 and NASDAQ index decreased by 4 % and 8.7 % on an annual basis at the time of writing compared to 10 % for BTC/USD.
“TC found some support at 80,000 dollars, but this seems weak at best, amid the weakness of the wider macro,” QCP.
“We will not try to call the exact moment when the music stops, but in the short term, we struggle to define the winds meaningful to reflect this guidance.”
Trading Supplier select Kobeissi’s potential silver lining in the form of increased stock customization by American retail investors.
“The net retail in the shares of NASDAQ 100 indicators as a percentage of the maximum market range has reached 0.1 %, which is at least at least a year. books In a post on X.
“In addition, JPMORGAN retail score has 4 standard points.
US storage retail data flow. Source: Kobeissi/X Message
Bad FOMC results risk 76,000 dollars BTC decrease
BTC PRICE movement analysis, the famous trader and the Rekt Capital analyst hoped to be the biological gap in the Bitco Futures market in CME “fully filled” with a height of $ 87,000.
Related to: Bitcoin “Deleveraging” grants the interest of $ 10 billion in two weeks
Such gaps, as Cointelegraph mentionedContinue to work in the short -term price magnets.
“Bitcoin continues to re-test the GAP CME successfully as support (Box Orange, $ 78,000-80.7 thousand dollars),” Rekt Capital Make up In addition to an illustrative scheme.
“More than that, BTC was doing it above (black) higher.”
Future CME Bitcoin for one day. Source: Rekt Capital/X.
At the same time, Keith Alan, co -founder of commercial resource materials indicators, suggested that Duofish Powell have a clear impact on the price of price.
“Duvish’s tone that reduces fears of stagnation can send bitcoin price higher than diamonds 200 days and 21 days, and avoid what appeared to be an imminent intersection between these two main diamonds,” part of one inch x inch I mentioned.
Alan referred to two averages nearby, where MA sits for 200 days and 21 days at 84,995 dollars and 84,350 dollars, respectively.
BTC/USD chart for 21, 200ma. Source: CointeleGRAPH/TradingView
Bad news, on the other hand, can provoke a test Its lowest multiple levels at $ 76,000to caution.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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