How To Trade Bitcoin Into September FOMC, Top Analyst Reveals
With the Federal Reserve set to announce policy on Wednesday, September 17, a closely followed trader has laid out a precise, level-by-level playbook for navigating Bitcoin’s next move. In his weekly “Market Outlook #51,” published on September 15, Nik Patel (@cointradernik) for Ostium Research maps out both long and short triggers around a tight cluster of resistance at $117.5k–$120k and a “line in the sand” support at $112k—frameworks he argues should contain BTC’s path through the FOMC and into quarter-end. How To Trade Bitcoin Into September FOMC Nik’s higher-timeframe read starts with....
Related News
The Bitcoin price has entered another post-FOMC window, and there’s a pattern that has become difficult to ignore. According to crypto analyst and commentator Ardi, Bitcoin has sold off in the week following eight of the last nine FOMC meetings, with the average seven-day decline coming in near 11%. That history is now being tested […]
The Federal Open Market Committee (FOMC) meets a total of eight times a year, where members of the committee review economic and financial conditions in the US, and this usually has serious implications for the crypto market. With the end of each meeting comes an announcement where the Fed chair reveals what the interest rates […]
The FOMC meeting that was held on Wednesday, September 21st, triggered massive volatility for bitcoin and other cryptocurrencies. This volatility was expected and stuck to the previous trends like clockwork. It leaves a lot to be desired in the way that it played out, though, and shows a precedent for the crypto market, especially during […]
Historical data provides a bullish outlook for the XRP price this month, with the altcoin likely to record significant gains based on past performance. Specifically, the average monthly returns show that XRP could even record double-digit gains. Average Monthly Returns Point To Notable Gains For The XRP Price Cryptorank data shows that the XRP price has historically recorded an average monthly return of 13.8% in September. This suggests that the altcoin could again record positive returns this time around, especially as it looks to reclaim the psychological $3 level. Meanwhile, it is....
A pricing analysis of bitcoin reveals that buyers are at a disadvantage. Price increased after a weaker opening and tested the session high of $24,448.40. However, it swiftly reversed course and tested the pivotal 21-day exponential moving average, where it is currently resting. The market action right now suggests that the bulls are running out of steam close to the higher levels and that the bears are clearing the way for more correction. The largest cryptocurrency’s 24-hour trading volume is $30,603,898,759, up more than 7%. BTC/USD, however, is currently reading at $23,422.79, a....