BTC price 'bottoming phase' ends: Five things to know in Bitcoin this week
Bitcoin is facing significant volatility as it closes the week below key support levels, with predictions of potential new lows around $86,000. Analysts warn of ongoing selling pressure and a bearish outlook, particularly if the weekly close falls below critical levels. The upcoming FOMC meeting is a key macroeconomic event, with expectations that interest rates will remain unchanged. Meanwhile, gold and silver prices have surged to historic highs, contrasting with the struggles in the crypto market. Traders are advised to watch for potential opportunities amid the current market conditions.
Cointelegraph·