The Fed interest rate decision announced as of yesterday exacerbated the bull and bear struggle in Bitcoin (BTC), what is the latest situation in BTC, which is priced above 29 thousand dollars?
After the Fed interest rate decision was announced, BTC, which exhibited volatile movements, managed to jump above $ 29,000. BTC, which came to a critical resistance in the short time frame, can target $30,000 if it persists above $29,180. With the announcement of the Fed’s interest rate decision, warring investors will be one of the determining factors in the direction of the price.
Bitcoin (BTC) Chart Analysis
As of the writing of the news, BTC, which found buyers at $ 29,170, continues its voluminous rise at $ 27,700. The first important support point in BTC, where the buyers dominate, is the $ 27,200 level. If the 27,200 support is broken, the declines to the $25,200 level can be deepened. BTC, which did not start May very effectively, seems to have recovered this situation with the rises it has shown in the last hours.
Bordering the weekly and monthly opening price, BTC can start its $30,000 journey if it clearly breaks the $29,180 resistance. In the event that $30,000 is reached, the winner of the collision between buyers and sellers will be decisive. The side that wins this fight will gain a serious advantage in BTC’s direction.
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