Is #Bitcoin about to crash? The chart might suggest it is, especially with this correction after FOMC. It's another big day, as GDP and PCE is coming in today. The primary reason…
Original source excerpt
Is #Bitcoin about to crash? The chart might suggest it is, especially with this correction after FOMC. It's another big day, as GDP and PCE is coming in today. The primary reason of the recent corr…
Is #Bitcoin about to crash? The chart might suggest it is, especially with this correction after FOMC. It's another big day, as GDP and PCE is coming in today. The primary reason of the recent correction doesn't have anything to do with the markets of crypto at all. Much rather, it was the earnings data from $GOOGL being worse, therefore pushing down indices. Other than that, from a technical standpoint, there's still no bullish confirmation and there hasn't been one this week. Sure, there's been some upwards momentum on the markets, but none of those pushes have actually managed to flip crucial levels into support as it kept falling back immediately. Now, I wouldn't be surprised if we're going to see a sweep of the lows (which I've been covering over the week) as a potential final case of downwards momentum. Recent FOMC's have been bullish after all, so I wouldn't emphasize too much value into this recent correction after FOMC. I think that we'll just copy/paste previous FOMC events.
AI context is not available for this statement. The original source can be read independently.