BTC price gains 4% pre-Fed as MicroStrategy vows to protect Bitcoin from $21K crash

BTC price gains 4% pre-Fed as MicroStrategy vows to protect Bitcoin from $21K crash

Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bulls pin hopes on history

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 on the evening of May 3.

A subsequent bounceback saw the pair clip $39,000 at the time of writing, providing relief to low-timeframe traders at 4.1% off the…


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *