Bitcoin Rebound Stalls at 50-Day Average Ahead of Fed Decision
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin struggled to clear its 50-day moving average as traders awaited the FOMC outcome and major technology earnings.
Bitcoin’s rebound met resistance at its 50-day simple moving average, leaving the cryptocurrency unable to break above that level.
Market attention remained on the upcoming Federal Open Market Committee meeting outcome, with participants waiting for the central bank’s decision.
Key technology company earnings were also on the calendar, adding another focus for traders as Bitcoin’s recovery stalled.
Source: Cointelegraph
