Bitcoin’s price reacted negatively as the FOMC report indicated a rise in interest rates.
After recording a gain that brought it to a level it had not seen since the beginning of the month, BTC responded unfavorably to the data from the FOMC. How big of an effect did the news have on BTC, and what can we anticipate in the coming days?The Consumer Price Index was issued on 13 December, preceding the FOMC report by Chair Jerome Powell. Inflation in the United States slowed to 0.1% from 0.
The Visible Range Volume Profile analysis showed that the price could still go higher despite the apparent decline.approaches $17,600, it enters a low-volume node region, which may indicate imminent price volatility. A significant price agreement generally accompanied by less rapid price fluctuation is represented by a high-volume node.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin [BTC] bounces above 50-day MA, but what should LTH expect?A surge in BTC’s demand in the spot market was observed in the last 24 hours at press time. Addresses with balances greater than 1,000 BTC have not yet started accumulating. An interesting thing just happened with Bitcoin’s price action. It managed to pull off a 5% rally in the last few hours before this […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
BTC could have a fruitful 2023 thanks to LTHs and the exit of these market players2022 remains one of the most chaotic years in the history of Bitcoin Following FTX’s collapse, LTHs intensifies accumulation ahead of a price rally in 2023 In the history of cryptocurrencies, 2022 ranks high as one of the most challenging years so far. The year has been marked by significant losses causing several cryptocurrencies to […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Short-term Litecoin investors could profit if Bitcoin moves in this directionLTC was in a slight uptrend. A bullish BTC would pump it toward $77.12. Litecoin (LTC) briefly fell below $75 after BTC dropped below $17.77K on 15 December. At press time, LTC was trading at $74.95 and appeared poised for an upside move if BTC moves above $17.77K. The 4-hour chart showed that LTC may […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin Dec. 14 daily chart alert - Bulls gaining power
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »