US EditionBitcoin price cools going into Fed rate hike week, HYPE, AAVE, RNDR, FET still look bullish
- Bitcoin's price pulled back to the $95,000 breakout level going into the Federal Reserve's May 7 rate decision, creating volatility in the market.
- This price movement follows a rally that tested near $97,895 resistance, while traders await the Fed's interest rate decision amid low probability of a rate cut.
- Several altcoins, including Hyperliquid , AAVE, Render , and Fetch.ai , show bullish signals with key resistance and support levels being tested this week.
- Timothy Peterson noted a potential risk-on environment if the CBOE Volatility Index drops below 18, which could support Bitcoin reaching $135,000 in the next 100 days.
- Traders anticipate ongoing fluctuations and prudence leading up to the rate announcement, with Bitcoin needing to stay above its 20-day exponential moving average at approximately $92,000 to sustain its upward trend.
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Bitcoin's Price Faces Risk Of A Pullback Once This Key Support Level Fails - TECHTELEGRAPH
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure During the ongoing market uptrend, Bitcoin continues to lead the bullish wave as the leading crypto asset records significant gains, pushing it to price levels above $95,000. While BTC’s price may have seen notable positive movements above $95,000, this key level now stands between an impending decline. A Pullback Incoming For Bitcoin? As Bitcoin …
Bitcoin Technical Analysis Report
Bitcoin has pulled back to retest the $95,000 breakout level, a key zone that now acts as a support area for bulls to defend. Holding above this level is crucial to sustaining bullish momentum, especially as traders look ahead to potential rate cuts and historically strong performance in June and July. Despite recently overtaking silver with a $1.8 trillion market cap to become the seventh-largest tradable asset globally, Bitcoin’s rise has been…
Bitcoin price cools going into Fed rate hike week, HYPE, AAVE, RNDR, FET still look bullish – DG Verifications & Stats
Bitcoin gave up some of its recent gains, but select altcoin charts still look poised for a breakout. Price Analysis Key points: Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000. Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes. Bitcoin (BTC) has given back some of the gains over the weekend, and the price has pulled back to the breakout level of $95,000. Buye…
Bitcoin Price Dips as Fed Rate Hike Looms: Why HYPE, AAVE, RNDR, FET Are Still Bullish
The price of Bitcoin is currently experiencing a cool-down period as we head into the much-anticipated week of the Federal Reserve’s rate hike. Despite this, cryptocurrencies like AAVE, RNDR, and FET are still showing bullish signs. Investors are closely monitoring the market as the Federal Reserve prepares to announce its decision on interest rates. This has led to a slight dip in Bitcoin’s price as traders anticipate the impact of the rate hik…
CryptoPanic
TheSpuzzBitcoin price cools going into Fed rate hike week, HYPE, AAVE, RNDR, FET still look bullish
Key points:Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000. Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes. Bitcoin (BTC) has given back some of the gains over the weekend, and the price has pulled back to...
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