Bitcoin (BTC/USD) Analysis
Bitcoin rises sharply on ease of aggression after Fed rate hike
Key Highlights
Bitcoin regained above $40,000 after Fed monetary policy. The central bank hiked rates by 50 basis points and decreased its asset buying program. The demand for riskier assets gained as Fed was less aggressive than expected.
Technical Analysis
Intraday Trend – Neutral
On the daily chart, the pair is trading above Tenken-Sen ($39,100), below Kijun-sen ($40,425), and Ichimoku Kumo cloud…
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