BTC/USD Forex Signal: Bitcoin Sits and Waits for a Catalyst

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Bitcoin and other cryptocurrencies have moved sideways in the past few days in a low-volume environment.

Set a buy-stop at 28,100 and a take-profit at 30,000.Bitcoin and other cryptocurrencies have moved sideways in the past few days in a low-volume environment

Joe Biden met with the house speaker on Monday and both expressed hopes that the US government will not default. But they did not come up with a substantial plan to end the stalemate. Historically, such negotiations go down to the wire. The next big catalyst for the BTC/USD pair will be the upcoming Fed minutes scheduled for Wednesday. These minutes will provide more information about the state of the Federal Reserve as it hiked rates by 0.25% in May.

 

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