BREAKING
273d 2h ago

Bitcoin Price Recovery: Cautious Optimism Amid Market Volatility and Upcoming FOMC Speech

BTC

BTC/USDT

$71,354.77
+3.55%
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
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

In a recent update, analyst Adam from Greek.Live shared his insights on the current state of the cryptocurrency market. He indicated that, following a considerable **decline** in **Bitcoin** prices, the general sentiment among investors remains **cautiously optimistic**. Many within the community are anticipating a gradual **price increase**, particularly in light of the upcoming **Federal Open Market Committee** (FOMC) meeting. This event has sparked discussions about potential **deleveraging** strategies that could influence market dynamics. Analysts note a strong consensus that while volatility is expected, there is a prevalent belief that **Bitcoin** will ultimately bounce back, potentially aiming for a new **all-time high**. As investors navigate this turbulent landscape, staying informed about market indicators remains crucial for making intelligent trading decisions.

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