Fed Rate Decision Induces High Bitcoin Volatility
The bitcoin price is showing an initial reaction to the Fed interest rate decision. Day traders witnessing this move are likely to join the sudden influx of capital targeting 22,000 and 22,614. A break above 21,800 is likely to be the key to triggering the anticipated move. The price of bitcoin at auction right now is $21,900. Traders must be careful not to get caught on the wrong side of the move. Liquidity hunts and crashes are common occurrences after major news events. Failure to promote additional bullish engulfing candles above $22,100 or a pullback to $21,290 could be the first evidence of a smart money trap.
Top 3 Bitcoin, Ethereum and Ripple Price Predictions: Markets Struggle as Traders Win Power Struggle
Bitcoin price tilts to the downside as traders win power struggle. This development has turned the market trend in favor of the sellers and will soon be reflected in the prices of Ethereum and Ripples. Bitcoin price is revealing a massive bearish continuation pattern, suggesting a drop to $11,747. Ethereum price is temporarily recovering as traders expect a drop to $1,282 or lower. The fluctuating price undoes its bullish charm and reveals the possibility of further decline.
Dogecoin – a speculation tool or starter for cryptocurrencies
Dallas Mavericks boss Mark Cuban recently commented on what happens to crypto when speculators leave. Cuban referred to the state of Dogecoin, the seed medicine for cryptocurrency. A senior research analyst at Messari identified similarities between Dogecoin and Cardano and shared his findings.