Bitcoin: Slides on Fed Price Stability Vow
Bitcoin drops after Fed vows price stability under Kevin Warsh at $64636 amid bearish 4h signals and EMA resistance.
SourceAnalysis
Bitcoin slid after the Fed signaled it would deliver price stability under Kevin Warsh.
Price action tested the upper Bollinger Band resistance at $67413.48 while the MACD death cross confirmed bearish momentum and the RSI held neutral at 45.2, keeping downside bias intact toward the lower band support at $64026.66.
Traders now watch the EMA50 at $64884.35 as immediate resistance; a sustained break below the EMA200 at $69303.47 would extend the bearish trend structure seen over the past six months and sharpen focus on near-term BTC price prediction models and crypto market crash scenarios.
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