Hello traders, after a long break, today I would like to present you a few facts for the present moment! ;)
The BTC price breakout will occur "relatively quickly" as Bitcoin trading volumes can scare traders.
Recently observed low trading activity is gaining importance as analysts forecast a return to volatility.
Bitcoin (BTC) disappointed bulls ahead of Wall Street opening on May 26 as BTC / USD recovered below $ 29,000
Markets are "amazingly calm" after the FOMC
Cointelegraph Markets Pro and TradingView tracked the uninspiring day for Bitcoin, which lost $ 800 in one hourly candlestick hours before it started trading in the US.
The largest cryptocurrency escaped volatility following the publication of the US Federal Reserve's Federal Open Markets Committee (FOMC) protocol.
They allowed to avoid major deviations from the already known facts about economic policy and despite fears that anti-inflation measures could lead to a recession. The word "recession" did not appear in official announcements. Which is always interpreted by the market. By the way, the lack of this word in the official Fed statements was received positively by the US stock market.
However, even older markets remained relatively cool, and analyst Dylan LeClair described the situation as "incredibly calm" based on volatility data.
A long-term indicator designed to catch highs and lows with volume, Cointelegraph, NVT Golden Cross, flashed red this week as it found that the on-chain transactions were not significant enough to handle even the $ 30,000 levels.
Good luck guys
The BTC price breakout will occur "relatively quickly" as Bitcoin trading volumes can scare traders.
Recently observed low trading activity is gaining importance as analysts forecast a return to volatility.
Bitcoin (BTC) disappointed bulls ahead of Wall Street opening on May 26 as BTC / USD recovered below $ 29,000
Markets are "amazingly calm" after the FOMC
Cointelegraph Markets Pro and TradingView tracked the uninspiring day for Bitcoin, which lost $ 800 in one hourly candlestick hours before it started trading in the US.
The largest cryptocurrency escaped volatility following the publication of the US Federal Reserve's Federal Open Markets Committee (FOMC) protocol.
They allowed to avoid major deviations from the already known facts about economic policy and despite fears that anti-inflation measures could lead to a recession. The word "recession" did not appear in official announcements. Which is always interpreted by the market. By the way, the lack of this word in the official Fed statements was received positively by the US stock market.
However, even older markets remained relatively cool, and analyst Dylan LeClair described the situation as "incredibly calm" based on volatility data.
A long-term indicator designed to catch highs and lows with volume, Cointelegraph, NVT Golden Cross, flashed red this week as it found that the on-chain transactions were not significant enough to handle even the $ 30,000 levels.
Good luck guys
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