BTCUSDT: Bitcoin Likely to Continue Bullish After Correction
Updated
The outcome of the Federal Reserve's upcoming meeting will impact the direction of the BTCUSD pair. Currently, Bitcoin is experiencing a sell-off due to profit-taking, but the market anticipates a further bullish trend due to a slowdown in interest rate hikes. However, a brief bearish correction is expected. It is important to watch the 20000 price level as it may provide support in the future.
I would appreciate your support of this idea to help reach others. You can also share your opinion with me. Many thanks
I would appreciate your support of this idea to help reach others. You can also share your opinion with me. Many thanks
Note
So, as anticipated the Fed hiked the rate only by 25 points. This is good news for this idea going forward. Please, support me if you appreciate the work I put in here. Thanks
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