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Bitcoin Under Pressure As Fed Outlook Shifts
Bitcoin bulls still can’t catch a break as we move into the end of Q3. Following a rally over the last fortnight, BTC prices have once again turned lower, capped by local resistance. Following a solid start to the year, bullish momentum faded into April and despite a fresh push higher in July, prices have now cooled by around 20% from the YTD highs. The recent re-emergence of hawkish Fed expectations has been a major barrier for crypto bulls. With the Fed now expected to push ahead with at least one further hike, along with pushing out its expectations for rate cuts next year, the outlook for USD has turned more ... (full story)
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- Posted: Sep 26, 2023 9:09am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 122
