menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin st...
source image

Coinjournal

3w

read

8

img
dot

Image Credit: Coinjournal

Bitcoin stays above $104k as Fed leaves interest rate unchanged

  • Bitcoin remains above $104k amid ongoing Middle East crisis.
  • U.S. Federal Reserve kept interest rates unchanged, expects inflation to decline.
  • Fed predicts lower economic growth, plans for two rate cuts ahead.
  • BTC market price unaffected by Fed's decision, continues trading around $104,700.
  • Bitcoin may rally as traders anticipate upcoming rate cuts.
  • BTC technical indicators signal potential rally towards $106k.
  • Market fundamentals affected by U.S. involvement in Iran-Israel conflict.
  • BTC price fluctuated above 20-day EMA but dropped below 50-day SMA.
  • RSI approaching midpoint, indicating a possible near-term rally for Bitcoin.
  • BTC could reach new all-time high at $112k if it breaks above 20-day EMA.
  • Bears pushing price below 50-day SMA may lead BTC/USDT pair to $100k or $93k support level.
  • Overall, Bitcoin's price stability and potential rally are closely monitored by traders.
  • The article was originally published on CoinJournal.
  • Bitcoin's future movements continue to be influenced by global economic and geopolitical factors.

Read Full Article

like

Like

For uninterrupted reading, download the app