Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

BTC falls below $28,000 ahead of upcoming FOMC rate decision.

/USD slipped to an intraday low of $27,680.79 earlier in today’s session, which came less than 24 hours after trading at a high of $28,626.28.

As a result of this move, bitcoin nearly collided with its recent price floor at $27,600, hitting a six-day low in the process.Looking at the chart, the latest decline comes as the relative strength index moved below a floor of its own at 50.00. At the time of writing, the index is tracking at 46.17, with the next visible point of support at 43.00.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic BankBitcoin started the U.S. trading week edging below $28K, part of a downward spiral that began Sunday. Investors have been weighing industry and macroeconomic uncertainty and will be eyeing the FOMC's meeting, which starts Tuesday. By _jocelynyang_
Source: CoinDesk - 🏆 291. / 63 Read more »

Breakingviews - The end of cheap credit could hurry Japanese M&AAstellas Pharma has snapped up U.S. eye-treatment specialist Iveric Bio in a $5.9 billion deal, funded almost entirely with debt. Diversifying abroad looks attractive to many Japanese companies given weak home markets. For the $28 billion drugmaker, which already earns the bulk of its revenue from overseas, exceptionally low borrowing costs at home may have boosted its offshore appetite even more.
Source: Reuters - 🏆 2. / 97 Read more »