🔥 Bitcoin Eyes Major Resistance as Jackson Hole Kicks Off With Unusual Fed Agenda.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin trades at $80,526, up 1.9% on the day, after getting rejected near $81,265 earlier this week. The Fed's Jackson Hole symposium opened today under the theme Financial Innovation: Implications for Payments and Policy, with new Chair Kevin Warsh's keynote due Friday. The charts are signaling overbought conditions for BTC, even as the broader trend score seems bullish.
Bitcoin is knocking on the door of its next major resistance wall right as the world's most-watched central banking conference gets underway with an agenda that, for once, is actually about crypto's own back yard. BTC is changing hands at $80,526, up 1.9% today after opening at $79,023 and tagging an intraday high of $80,808. That puts the cryptocurrency roughly 2.5% below the $82,538 level that capped a previous breakout attempt, and it comes two days after Bitcoin was rejected near $81,000 as its 50-week moving average, sitting around $81,085, capped the rally.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Bitcoin trades at $80,526, up 1.9% on the day, after getting rejected near $81,265 earlier this week. The Fed's Jackson Hole symposium opened today under the theme Financial Innovation: Implications for Payments and Policy, with new Chair Kevin Warsh's keynote due Friday. The charts are signaling overbought conditions for BTC, even as the broader trend score seems bullish.
Bitcoin is knocking on the door of its next major resistance wall right as the world's most-watched central banking conference gets underway with an agenda that, for once, is actually about crypto's own back yard. BTC is changing hands at $80,526, up 1.9% today after opening at $79,023 and tagging an intraday high of $80,808. That puts the cryptocurrency roughly 2.5% below the $82,538 level that capped a previous breakout attempt, and it comes two days after Bitcoin was rejected near $81,000 as its 50-week moving average, sitting around $81,085, capped the rally.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #TonEcosystem