FOMC

Cryptocurrency

Bitcoin

<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin" class="f-link">Bitcoin</a> remains within a significant trading range, maintaining gains above the $50,000 support zone.</li>
 <li>Currently, #Bitcoin is confined within a narrow range, encountering resistance near $52,500 and finding support around $50,800.</li>
 <li>Bitcoin surged towards the $53,000 resistance level but failed to sustain and traded below $52,000 levels.</li>
 <li>Bitcoin price underwent a minor retracement, forming lower highs and lower lows, resulting in the creation of a bullish flag pattern on the daily chart.</li>
 <li>Investors closely monitor the critical $50,800 support level, as a clear break below would shift market sentiment from neutral to bearish.</li>
 <li>$BTC&nbsp;anticipates potential volatility preceding the release of the FOMC meeting minutes, which could induce significant price movements.</li>
 <li>A bullish breakout from the chart pattern requires a daily candlestick close above the bullish flag, potentially aiming for psychological levels at $55,000 and $60,000.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-analysis" title="Coin Gabbar analysis" class="f-link">Coin Gabbar analysis</a>, #Bitcoin Price Prediction 2030 is $200,000, whereas #Bitcoin Price Prediction 2040 is around $500,000.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $52,400-$53,200
SUPPORT LEVEL : $51,300-$50,60
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Bitcoin Price Prediction: Sink or Soar After FOMC Minutes

Coingabbar

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