Bitcoin

<p><em><strong>Cryptocurrency markets are bouncing back as Bitcoin climbs above $64,000 from lows under $60,800. This recovery indicates that buyers are taking charge again, increasing the likelihood of Bitcoin reclaiming levels above $65,000.</strong></em></p><h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>The price of Bitcoin is fluctuating significantly before the FOMC meeting, making trading more careful. Investors seem to be taking a cautious approach <a href="https://cryptosheadlines.com/bitcoin-price-prediction-27k-support-sparks-btc-interest-ahead-of-fomc-meeting/" rel="noopener noreferrer nofollow">ahead of the FOMC meeting</a>. The upcoming decision by the Federal Reserve could have a significant impact on <a href="https://cryptosheadlines.com/february-cryptocurrency-market-outlook-bitcoin-sol-xrp-avax-price-predictions/" rel="noopener noreferrer nofollow">Bitcoin’s price and the overall cryptocurrency market</a>, as investors are concerned about a potentially less favorable stance towards crypto due to US economic conditions and ongoing inflation.</p><h2 id="header-1">Fed Rates and Bitcoin ETFs Affect Crypto Sentiment</h2><p>The previous Federal Reserve rates posed challenges for the cryptocurrency space last week due to the US inflation rate exceeding expectations. Investors took a cautious approach, trimming risks in anticipation of the Fed meeting.</p><p>Flow into US-listed Bitcoin exchange-traded funds (ETFs) has been lackluster recently as investors adjusted their positions ahead of the Fed meeting. The subdued interest in <a href="https://cryptosheadlines.com/first-bitcoin-etf-trades-1-5b-with-gbtc-discount-reflecting-69k-btc-price/" rel="noopener noreferrer nofollow">Bitcoin ETFs reflects</a> uncertainty in the market.</p><p>Speculation is rife that if the Federal Reserve adopts a more hawkish tone, it could dampen investor enthusiasm for cryptocurrencies. Such a scenario might exacerbate the ongoing market correction in the crypto space.</p><h2 id="header-2">Bitcoin Price Rebounds Amid Market Turbulence</h2><p>The Bitcoin price is currently showing signs of recovery after experiencing recent fluctuations, although it remains below previous levels. This reflects the ongoing turbulence in the broader market. <a href="https://cryptosheadlines.com/paul-tudor-jones-largest-investor-cautions-against-bitcoin-purchase/" rel="noopener noreferrer nofollow">Investors are exercising caution</a>, particularly in anticipation of the upcoming Federal Reserve meeting. Concerns surrounding the potential for a less crypto-friendly policy stance and economic data are contributing to uncertainty in the crypto markets.</p><h2 id="header-3">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/03/cryptosheadlines003-20.png?resize&#61;640%2C314&amp;ssl&#61;1" /></p><p>Source: TradingView</p><p><a href="https://cryptosheadlines.com/bitcoin-reaches-73000-what-comes-next/" rel="noopener noreferrer nofollow">Also Read:   Bitcoin Reaches $73000: What Comes Next?</a></p><h2 id="header-4">BTC Struggles to Break Key Resistance</h2><p><a href="https://cryptosheadlines.com/bitcoin-price-prediction-breaks-range-resistance-is-it-a-buy-signal/" rel="noopener noreferrer nofollow">Bitcoin’s price is making efforts to break</a> into the crucial resistance zone ranging between $63,008 and $66,612. However, the technical indicators do not seem to support this upward movement. The Relative Strength Index (RSI) is approaching lower support levels, and the Directional Movement Index (DMI) is indicating a significant bearish signal, with the Average Directional Index (ADX) showing a bearish divergence. Consequently, all indicators suggest that the current upward trend may encounter resistance at interim highs. There is a possibility that the price could retreat below $60,000, followed by a substantial bullish rally.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Bitcoin: Reclaiming $65000 Post-FOMC?

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