Bitcoin trader warns of 'bearish reaction' to FOMC with $64K now essential
CoinTelegraph·
60-second summary
Bitcoin is approaching crucial near-term support as it reacts to the first FOMC day under new Fed chair Kevin Warsh. A $55,000 BTC price target remains in focus, and a bearish reaction is anticipated. This pivotal moment has $64,000 now emerging as an essential benchmark, underscoring the market's heightened sensitivity to monetary policy shifts and potential price volatility.
Bitcoin approached important near-term support on new Fed chair Kevin Warsh's first FOMC day with a $55,000 BTC price target still on the table.