Based on technical analysis, Bitcoin (BTC) currently shows a cautiously bullish outlook. The price is above the 50-day moving average and has found support at recent lows, suggesting underlying strength. However, it's important to monitor the RSI, which indicates overbought conditions near 70 and oversold conditions below 30, potentially signaling price pullbacks or rebounds, respectively. Volume trends should also be considered, as increasing volume during price rises confirms bullish momentum, while decreasing volume may indicate weakening bullish support. Overall, while indicators lean towards a bullish sentiment, ongoing vigilance and monitoring of these factors are advised to gauge potential market shifts accurately.#BTCFOMCWatch #BTC☀ $BTC $ETH

The markets_now

🔻Crypto prices fall ahead of inflation data and interest decision from the US Federal Reserve

📌 Bitcoin prices fall by more than $2,500 and head to record the biggest daily loss in a month

📌 Ethereum is falling more than 5% and is heading to record the biggest daily loss in two months

- These losses come after U.S.-listed Bitcoin exchange-traded funds posted outflows of $65 million for the first time in weeks
#btc
#ethreum
#bnb $SOL $USDC

Tomorrow, Bitcoin’s motion is probable to be inspired through the Federal Reserve’s speech and any announcements from the FOMC. If the Fed alerts a dovish stance with persisted low hobby charges, Bitcoin ought to see a tremendous surge as investors are trying to find better returns in riskier property. Conversely, if the Fed adopts a hawkish tone, indicating capability interest price hikes to fight inflation, Bitcoin might revel in downward strain as danger aversion will increase. Overall, heightened volatility is anticipated as traders react to the Fed’s insights on economic conditions and economic policy.

$BTC #TopCoinsJune2024 #FOMC_Decision

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