Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings

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Bitcoin (BTC) gave back its early gains at the Wall Street open as markets waited for the Federal Reserve’s interest-rate decision. BTC/USD failed to break above $81,700 and fell as low as $80,297 on Bitstamp, leaving the pair down 0.3% at the time of writing. Markets overwhelmingly expected the central bank to keep rates in their 3.75% to 4% range, with attention focused on comments from Fed chair Kevin Warsh. The 50-day simple moving average at $81,831 acted as resistance, while Glassnode reported that bids had concentrated between $78,000 and $79,000.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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