Bitcoin price today: down to $67k with Fed rate decision, CPI in focus By Investing.com
- Bitcoin Price Decline: Bitcoin price fell by 0.8% to $67,372.3 due to constrained risk appetite ahead of a Federal Reserve meeting and key inflation data.
- Volatility in Bitcoin: Bitcoin experienced wild swings, reaching as high as $72,000, reflecting uncertainty in the cryptocurrency market before clarity on U.S. interest rates.
- Impact of High Rates: High rates reduce the appeal of risk-driven assets like crypto, leading traders to shift towards assets less affected by rate uncertainties, such as the dollar.
- Fed Meeting Expectations: The Federal Reserve is anticipated to maintain unchanged rates but might adopt a more hawkish stance given persistent inflation and a strong labor market.
- Altcoin Performance: Other major cryptocurrencies like Ether, ADA, XRP, SOL, DOGE, and SHIB also declined amid concerns over U.S. interest rates, with meme tokens showing cooling sentiment similar to meme stocks.
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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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