Any hawkish tone from the FOMC meeting might cause Bitcoin to plummet more.
Due to the gravity of the resistance, the string of little body candles signals hesitation.
Bitcoin (BTC) was under selling pressure early in the week, sending the price down below the $30,000 support level to roughly $29,000. Some on-chain signs suggest potential development despite its relatively dismal prognosis.
The fact that more and more Bitcoins are being removed from crypto exchanges and placed in private hands is encouraging. There are presently just 1.17 million Bitcoin (BTC) available on cryptocurrency exchanges, the lowest quantity held since November 2018.