quantguy

Bitcoin Maintans the Range After FOMC

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BITSTAMP:BTCUSD   Bitcoin
Bitcoin saw some volatility from the FOMC yesterday. We did not get the 'dovish hike' that the markets expected and risk-on assets responded accordingly. We did see support from $18.6K (as anticipated and voiced here in these reports). We are currently seeing a meager pivot off of this level, but there is very little momentum associated with it, so we don't expect to break the next level at $19.5K. If we do, $20K is the next target and we should see resistance there. If $18.6K does not hold, $17.6K will surely provide support.

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