Bitcoin: Warsh FOMC Meeting Triggers Volatility
Bitcoin at $66114.55 faces volatility as new Fed Chair Kevin Warsh holds first FOMC meeting Wednesday, with EMA50 support at $64449.9 and MACD bullish.
SourceAnalysis
Bitcoin traders brace for swings after new Fed Chair Kevin Warsh convenes his first FOMC meeting Wednesday, reviving questions around Impact of FOMC meetings on Bitcoin volatility history and Kevin Warsh monetary policy views cryptocurrency.
Price holds $66114.55 inside Bollinger Bands with upper resistance at $67096.39. The bullish structure rests on EMA50 support at $64449.9 while EMA200 caps at $69610.49. MACD golden cross at 847.95 keeps momentum intact even as RSI at 61.59 stays neutral, setting up a potential test of upper band resistance before any pullback to the 50-EMA.
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