Expectations Of Aggressive FED Drop, Heres Why Bitcoin Could Rise To $50K - BitcoinEthereumNews.com
दैनिक चार्ट पर मध्यम लाभ के साथ बीटीसी। स्रोत: बीटीसीयूएसडी ट्रेडिंगव्यू Market participants seem to be wondering if the price of Bitcoin will be able to sustain its current momentum. At the moment, the benchmark crypto displays some weakness and trends lower during the day. Data from Material Indicators suggest potential support for Bitcoins price around $43,500. As seen below, there are around $5 million in bid orders at those levels, with $7 million in additional bids orders lower at $41,600, in case of further price action. BTCs price (blue line on the chart) with considerable resistance to the upside (red and yellow lines above price). Source: Material Indicators $45,000 remains major short-term resistance, as mentioned, with over $20 million in asks orders from $44,800 to that level. Even if the price of Bitcoin can break above those levels, there is an extra stack of asks orders at $46,000. The market could be reacting to the situation between Russia and Ukraine, but more importantly for BTCs price trajectory, it is the impact of this conflict on a potential interest rate hike from the U.S. Federal Reserve (FED). Per Yahoo Finance, FED Chair Jerome Powell said on a potential monetary shift: (the FED) remained on track to