Reserve Dollar

FOMC

Cryptocurrency

Reserve

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/bitcoin-btc-prices-usd" title="Bitcoin price" class="f-link" rel="noopener noreferrer nofollow">Bitcoin price</a> has been struggling to break past the $72,000 resistance level for the last four months.</li>
 <li>After failing to hold above $68,500, the cryptocurrency has been showing bearish signals below $67,200.</li>
 <li>All eyes are on the upcoming release of the US Bureau of Labor Statistics' Consumer Price Index (CPI) data set for Wednesday.</li>
 <li>At the same time, the US Federal Reserve will release its FOMC statement, economic projections, and interest rates, sparking market worries.</li>
 <li>Bitcoin's price could be forming a double top pattern, suggesting possible bearish momentum continuation.</li>
 <li>This pattern suggests a possible pullback to the lower end of Bitcoin's trading range, around $60,000.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coin Gabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coin Gabbar analysis</a>, If Bitcoin stays above $66,000, it might surpass $72,000 and target its previous all-time high near $74,000, potentially reaching Fibonacci extension levels of up to $78,300.</li>
 <li>Conversely, a drop below $66,000 might find support around $65,000 or $63,000, potentially leading to further decline towards the $60,000 mark.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $67,600-$68,500
SUPPORT LEVEL : $65,800-$64,600
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Bitcoin: Is Another Storm Brewing Before FOMC and US Data?

Coingabbar

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