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Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmap
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The year-long calls for a $100,000 Bitcoin (BTC) price have fallen to the wayside since the asset struck a new all-time high at $69,000, but traders are not completely dismayed. At the moment, most analysts view the current price range as an optimal accumulation zone.
For the past week, markets had been a bit rocky as investors across the globe grew increasingly nervous about today's Federal Open Market Committee meeting, but today's confirmation that the Federal Reserve would enact 3 rate hikes and gradual tapering in 2022 appears to have been priced in to last week's market volatility.
Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC continues to trade above the $47,000 support and after Chairman Powell's
Read more on cointelegraph.comAbout this in other media
Bitcoin bears lack 'balls' to continue selling into 2022 — analyst cointelegraph.com /3 years ago
The Federal Reserve still has a lot of questions to answer about its long-term strategy cnbc.com /3 years ago
Gaming Giant Nexon America Starts Accepting Bitcoin, Ethereum For In-Game Purchases cryptonews.com /3 years ago
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