Bitcoin price turns shaky ahead of potential Fed rate cut and weak global economic data
Bitcoin price wobbles near $58,000 as uncertainty over the Fed’s monetary policy decision looms and traders eyeball weak economic data in China. Go to Source
Bookmarking Crypto Insights
Auto Added by WPeMatico
Bitcoin price wobbles near $58,000 as uncertainty over the Fed’s monetary policy decision looms and traders eyeball weak economic data in China. Go to Source
Bitcoin’s failure to hold $60,000 shows hesitation to buy at higher levels before the FOMC decision on Sept. 18. Go to Source
Bitcoin’s rally above $60,000 could trigger buying in FET, SUI, AAVE, INJ and other altcoins. Go to Source
Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience. Go to Source
Bitcoin recovered sharply from its intraday low, but holding these gains will determine whether bulls and dip buyers are ready to fight for a stronger trend reversal. Go to Source
A stock market recovery, investors’ anticipation of upcoming US inflation data and risks to the US dollar dominance are fuelling Bitcoin’s recent price gains. Go to Source
Bitcoin bulls are trying to push the price back inside the range, indicating that the markets have rejected the breakdown. Go to Source
Bitcoin remains below $55,724 support, but the selling may be reducing, increasing the possibility of a relief rally in UNI, SUI, OP and HNT. Go to Source
Bitcoin bears have pulled the price below the support of the range, starting a potential downtrend toward $49,000. Go to Source
Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold the answer. Go to Source