Bitcoin Rally Falls Short
Bitcoin saw a nice pivot from support at 20.7K after the FOMC statement. The 75bps rate hike lifted uncertainty about the Fed's outlook and stocks and other risk on assets were clear for a rally. We broke above 22.4K, but are meeting resistance in the vacuum zone between this level and 23.9K. We don't expect anything staggering from Bitcoin in the near future, so anticipate resistance at 23.9K. If we see a retracement, we could easily head back to support at 20.7K. There is strong support in the 20K's, but if this does not hold, 18.6K is a likely floor.
Join my discord at discord.io/quantguy
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.