Bitcoin expectedly approached $ 38,000, now a flat is expected until the end of the day, then the decline is likely to resume. A decrease to $ 36,000 is allowed, lower is unlikely. A decrease is signaled by the Power Balance indicator. Consolidation is observed on the daily timeframe, Bitcoin can stay in this state for quite a long time, the Taproot update will take place in November, most likely, the explosive growth of the coin will begin in September. However, other factors can be positively influenced during the summer.
Bitcoin fell along with the stock market after the Fed's statement.
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Bitcoin fell along with the stock market after the Fed's statement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.