
Bitcoin Reclaims $30,000 After Fed Keeps Policy Steady; What’s Next?
Bitcoin prices reclaimed $30,000, a psychological support level, hours after slipping below it during the New York session Wednesday.
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Bitcoin advanced Tuesday after falling 8.5 percent in the previous session, displaying bullish continuation signs amid global re-risking sentiment.
Earlier today, Bitcoin rose to its highest level since late February and regained its $1 trillion market cap. Recently, Bitcoin was unable to break key resistance at $50,000, as it failed to find support over its 50-, 100-, and 200-day SMA points on the 4-hour time frame. With continued institutional buying, however, Bitcoin was able to reclaim $53,600. While current price levels are still off all-time highs, it has mostly recovered losses from late February. […]
Traders are mixed after the price of Bitcoin sees a sudden pullback from $10,950 to $10,630 overnight. The price of Bitcoin (BTC) abruptly dropped on Sep. 29 from $10,950 to $10,630 overnight, recording a 3% drop. Following the rejection at $11,000, the sentiment of traders remains mixed.Some are cautiously optimistic under the premise that BTC reclaims the $10,700 level. Technically, analysts say that the $10.7k area is a critical pivotal price point for Bitcoin in the near term.Others say that the price trend of BTC has reversed in the short term after its rejection. The intense reaction....
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