Bitcoin under pressure ahead of the Federal decision
The trend on the 15-minute chart is still bearish, and the price is moving below the moving averages MA7, MA25, and MA99, while the MACD indicator shows weakness in upward momentum
Support: $74,970 then $74,700
Resistance: $75,900–76,000 then $76,770
The Federal decision today, Wednesday, September 16
9:00 PM Saudi time
Powell’s press conference: 9:30 PM Saudi time
The Federal decision and Powell’s remarks remain among the most likely drivers for Bitcoin and the markets today
The trend on the 15-minute chart is still bearish, and the price is moving below the moving averages MA7, MA25, and MA99, while the MACD indicator shows weakness in upward momentum
Support: $74,970 then $74,700
Resistance: $75,900–76,000 then $76,770
The Federal decision today, Wednesday, September 16
9:00 PM Saudi time
Powell’s press conference: 9:30 PM Saudi time
The Federal decision and Powell’s remarks remain among the most likely drivers for Bitcoin and the markets today
