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Watch these Bitcoin price levels ahead of Fed Chair Powell's speech

From cointelegraph.com

Bitcoin’s price failed another attempt at breaking above the resistance at $110,000 on June 17, as tensions in the Middle East escalated. Since June 5, BTC price has been unable to break above $112,000. With the Federal Open Market Committee (FOMC) meeting set to take place June 17-18, markets could see volatile price swings toward key BTC price levels over the next few days. The policy decision on the interest rate will be made on June 18 at 2.00 pm ET. There is a 99.9% chance that the current interest rates will remain between 4.25% and 4.50%, leaving just a 0.1% probability of a 0.25% rate cut, according to CME’s ... (full story)

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  • Category: Technical Analysis