Bitcoin Holds Strong at $84400 As FOMC Meeting Approaches
Bitcoin is currently trading around $84400 as the market anticipates crucial macroeconomic events that could influence short-term price movements. As traders observe their strategies in response to incoming news, Bitcoin’s one-week 50-day exponential moving average has provided robust support, prompting renewed hope for a bounce back in price. This stable position comes just before significant financial meetings, suggesting that traders are ready to react to potential market shifts. Observers will be keen to see how Bitcoin responds in the upcoming days and whether it can maintain stability or break through it. The looming FOMC meeting could introduce new variables into the market equations, and traders are preparing for possible outcomes.