Bitcoin Price Drops Despite Stock Market Gains Ahead of Fed Speech at Jackson Hole

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

**Bitcoin Price Drops Ahead of Fed Speech at Jackson Hole Despite Stock Market Gains**

The price of Bitcoin (BTC) is experiencing a decline this week despite gains in the stock market. Investors and traders are keeping a close eye on the upcoming Federal Reserve speech at the Jackson Hole symposium. The speech, anticipated by many in the financial community, is expected to provide insights into future monetary policy and could have significant implications for both traditional and cryptocurrency markets. As uncertainty looms, Bitcoin’s price remains volatile, reflecting the broader market’s cautious sentiment.

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