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Crypto Sister

06/18 00:48

Watch these Bitcoin price levels ahead of Fed Chai

Watch these Bitcoin price levels ahead of Fed Chair Powell's speech

Bitcoin price remains stuck below $110,000 ahead of the FOMC, with big overhead resistance at $112,000 in place and several key support levels below.01936802-6bd8-7f95-9695-8c10577d56da.jpeg

  • Fed interest-rate cut odds this week are now less than 0.1%.

  • BTC price may drop as low as $92,000 if key support levels are broken.


Bitcoin’s 

BTC
$104,385
 price failed another attempt at breaking above the resistance at $110,000 on Tuesday, as tensions in the Middle East escalated. Since June 5, BTC price has been unable to break above $112,00001977dee-d1c7-7a67-98cb-7dcc123dbe51.webp

With the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday, markets could see volatile price swings toward key BTC price levels over the next few days. The policy decision on the interest rate will be made on Wednesday at 2.00 pm ET.
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