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Bitcoin Traders Eye FOMC Minutes As Price Stabilises
It’s been a muted start to the year for Bitcoin traders with the market-leading cryptocurrency languishing around the 45515 level support for now, sitting on the 61.8% retracement from last year’s lows. Following a heavy correction over much of Q4, sales evened out across late December with BTC trading a range between 45515 and 52930. While MACD and RSI are both pointing higher here, bulls will need to see a sharp move back above the 52930 level to assuage near term bearish risks. The key focus this week is on the December FOMC minutes due later today. Bitcoin came under heavy selling pressure into the end of ... (full story)
