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BTC/USD: Rolls Over Below $117K Ahead of Fed Decision
Bitcoin initially rallied during the trading session on Monday, reaching toward the $117,000 level before rolling over. This is a market that has seen is not a huge surprise to see that there is little bit of “market memory” in this region. The shape of the candlestick is looking more and more like a shooting star, and that could lead to more Bitcoin selling.Keep in mind that although there is expected to be a 0.25% interest rate cut during the trading session on Wednesday by the Federal Reserve, then we have 3 other central banks out there talking about interest rate decisions, and that could give us a bit of an ... (full story)
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