Bitcoin Bounce Stalls at 50-Day Average Ahead of Fed Decision
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin failed to clear its 50-day moving average as traders awaited the Federal Reserve’s policy decision and major technology earnings.
Bitcoin’s rebound stalled at its 50-day simple moving average, leaving the cryptocurrency unable to break above the technical level.
The setback came as market participants awaited the outcome of the Federal Open Market Committee meeting for an update on US monetary policy.
Major technology companies’ earnings reports were also on the calendar, adding another focus for traders alongside the Fed decision.
Source: Cointelegraph
