$BTC Many people were posting predictions this morning that BTC would drop to 57k and so on. Just thinking about it makes me laugh. The 79k support zone has been tested 7–8 times without breaking, even after more than half a month of bad news piling up. Now that the Fed has announced its interest rate decision, and the bad news has been swirling around for ages without being able to bring the market down, it’s easy to understand why a recovery is underway. This recovery may seem fairly significant, but personally, I think BTC could build a price base around this level. I’m still leaning toward the scenario where the price continues to recover to higher levels, and the support zone shifts from 79k to 81k. $BTC #btc #FedWatch

$BTC Many people were posting predictions this morning that BTC would drop to 57k and so on. Just thinking about it makes me laugh. The 79k support zone has been tested 7–8 times without breaking, even after more than half a month of bad news piling up. Now that the Fed has announced its interest rate decision, and the bad news has been swirling around for ages without being able to bring the market down, it’s easy to understand why a recovery is underway. This recovery may seem fairly significant, but personally, I think BTC could build a price base around this level. I’m still leaning toward the scenario where the price continues to recover to higher levels, and the support zone shifts from 79k to 81k.
$BTC
#btc
#FedWatch