Fed Chair Powell Faces Unverified Subpoena Rumors Amid Market Speculation
- Subpoena Rumors: The unverified claims regarding a DOJ grand jury subpoena targeting Fed Chair Powell have not been confirmed by official sources, potentially impacting financial markets despite the lack of supporting evidence.
- Independence Concerns: These rumors raise concerns about the Federal Reserve's independence, with analysts suggesting that interest rate decisions may be influenced by political factors, which could increase market volatility, although this remains speculative.
- Market Reactions: Industry responses emphasize the necessity for evidence-driven Federal Reserve policies, with reactions primarily focusing on broader implications rather than immediate effects, highlighting the importance of maintaining policy independence.
- Crypto Market Dynamics: Bitcoin is currently trading at $90,780.51 with a market cap of $1.81 trillion, having declined 1.19% over the past week, indicating that potential changes in Fed policy could significantly affect its future valuation.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36425.103 | 48212.552 | 61160.853 | 72948.302 | 85896.603 | 97684.052 | 110632.353 |
| Fibonacci | 48212.552 | 57661.608 | 63499.245 | 72948.302 | 82397.358 | 88234.995 | 97684.052 |
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