BTC Surpasses $28,600 – What Comes Next? ✈️

Bitcoin's price remained around $28,500 ~ $28,600 as it awaited Jerome Powell's speech, the chair of the Federal Reserve.

Powell's language on economic policy was closely watched, given rising U.S. bond yields and concerns about a possible economic #crisis .

Lawrence Lepard predicted a #dovish move from Powell, which could lead to a rally in the bond market. Market odds of interest rates staying the same were at 88%, favoring risk assets.

Bitcoin's price showed reduced #volatility , and traders monitored support and resistance levels on the Binance order book. Key trendlines suggested a bullish outlook for Bitcoin with strong buyer support.

#Binance

#crypto2023