Bitcoin took two strong hits… yet it didn’t break.
CLARITY failed in the Senate.
And the Federal Reserve raised rates by 25 basis points.
On top of that, about $746 million left spot Bitcoin funds over the two days of September 15 and 16.
With all of this?
BTC is still hovering around $76,000 after rebounding from the roughly $75,000 zone.
And here’s the part I find intriguing:
Sometimes market strength is measured by what it refuses to do, not by what it does.
It would have been easy for this batch of news to trigger a bigger breakdown.
But price defended $75,000.
This doesn’t mean the drop is over. If the $75,000 zone is lost, there’s a chance of moving into the $71–73.5k area according to some current analyses. Recovering $77–78k would be a completely different signal in the short term.
So instead of asking:
"Will BTC go up or down?"
The question I’m watching today is:
What will it do when it reaches $75k again?
That’s where the real answer may begin.
#Binance #Bitcoin #BTC #Crypto
CLARITY failed in the Senate.
And the Federal Reserve raised rates by 25 basis points.
On top of that, about $746 million left spot Bitcoin funds over the two days of September 15 and 16.
With all of this?
BTC is still hovering around $76,000 after rebounding from the roughly $75,000 zone.
And here’s the part I find intriguing:
Sometimes market strength is measured by what it refuses to do, not by what it does.
It would have been easy for this batch of news to trigger a bigger breakdown.
But price defended $75,000.
This doesn’t mean the drop is over. If the $75,000 zone is lost, there’s a chance of moving into the $71–73.5k area according to some current analyses. Recovering $77–78k would be a completely different signal in the short term.
So instead of asking:
"Will BTC go up or down?"
The question I’m watching today is:
What will it do when it reaches $75k again?
That’s where the real answer may begin.
#Binance #Bitcoin #BTC #Crypto