Bitcoin: Drops as Traders Lift Fed Rate Hike Bets
Bitcoin falls to $61117.95 with gold and silver after traders boost Fed rate hike bets, bearish EMA50 resistance and MACD death cross confirm downside pressure.
SourceAnalysis
Bitcoin fell with gold and silver after traders lifted bets on Federal Reserve rate hikes. At $61117.95 the 4h chart shows price trapped in a bearish structure below EMA50 resistance at $64047.8 and EMA200 at $71339.73, with MACD death cross at -557.79 locking in downside momentum while RSI at 39.44 stays neutral inside Bollinger Bands bounded by $60583.04 support and $64275.92 resistance. This setup points to continued pressure on BTC price prediction amid crypto market volatility driven by Fed interest rate impact on Bitcoin.
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