Today BTC update
BTC/USD struggles to surpass 20K, upside seems limited amid hawkish Fed commentary
The market mood is quite confusing as the S&P500 futures and US Treasury yields are showing a recovery.
The Fed might announce two more 25 bps interest rate hikes before pausing the policy tightening program.
The Bitcoin needs to hold above 20k in order to keep the doors open to another test of the 21500 area if break than our main aim 25500. But watch coming hurdles at 22700 and final one at 23900
Otherside
BTC if find Support than 19000 and 18700 lvl
BTC/USD struggles to surpass 20K, upside seems limited amid hawkish Fed commentary
The market mood is quite confusing as the S&P500 futures and US Treasury yields are showing a recovery.
The Fed might announce two more 25 bps interest rate hikes before pausing the policy tightening program.
The Bitcoin needs to hold above 20k in order to keep the doors open to another test of the 21500 area if break than our main aim 25500. But watch coming hurdles at 22700 and final one at 23900
Otherside
BTC if find Support than 19000 and 18700 lvl
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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.
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.