Bitcoin price continues to accumulate gains of around the pivotal zones at $19,000 aiming to prevent a fine pullback below the yearly lows. The price is constantly retesting the $18,500 support levels following a rejection from the major bearish trendline while the 50-day & 100-day MA levels also stand refused.  If the asset rebounds from the current zone, then the above-mentioned pivotal levels may soon turn into pivotal resistance levels below $24,000. Therefore, if the BTC price is required to break above all of the pivotal levels, intending to reverse the ongoing bearish trend. Conversely, if the price fails to […]

Cryptocurrency On July 27th the Federal Reserve held its Federal Open Market Committee meeting and today around 2pm EST the minutes of the meeting are said to be released. Now, with a decreased inflation rate, the market is hopeful that the Federal Reserve might slow down on its increased interest rates, yet nothing is clear. While the global market awaits the release of FOMC minutes, it’s been reported that Bitcoin withdrawal on the exchanges are seeing a rise.  The Bitcoin price which was trading around $24,000 for most of the weeks, has now declined towards $23,000 level. The upcoming US […]