Bitcoin price today: down to $67k after rate cut updates By Investing.com
- Bitcoin Price Volatility: Bitcoin price fell 2.1% to $67,850.9 due to the Federal Reserve's forecast of high interest rates, causing wild swings in the market.
- Fed's Interest Rate Forecast: The Fed expects only one rate cut this year, contrasting with prior expectations of three cuts, leading to caution among traders towards Bitcoin and cryptocurrencies.
- Impact of High Rates on Cryptos: High interest rates limit liquidity for speculative assets like cryptocurrencies, affecting their prices despite some institutional investment inflows.
- Altcoins Performance: Ether dropped 3.3% to $3,516.65, while Solana and XRP declined, and Cardano rose slightly, reflecting broader concerns about high U.S. interest rates.
- MicroStrategy's Bitcoin Purchase: MicroStrategy plans to offer $500 million in convertible notes to buy more Bitcoin, aiming to increase its holdings beyond the current 214,400 BTC valued at over $14 billion.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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