From TradingView · · 40s
Bitcoin Analysis #388 for BINANCE:BTCUSDT
Bitcoin price breaks range but fakeout expected before interest rate decision.
In brief
Bitcoin price breaks range but fakeout expected before interest rate decision. Bitcoin failed to hold above 80,846 after a fakeout, with a potential drop to 76,966 if it breaks below 79,560. Originally reported by TradingView.
Bitcoin price range
Bitcoin traded between 79,560 and 80,846 yesterday.
Price action today
Bitcoin closed above 80,846 but failed to consolidate due to low volume.
Technical indicators
RSI rejected 70 level, breakout turned fakeout with price returning inside range.
Potential next move
Bitcoin could drop to 76,966 if price breaks below 79,560.
The headline
Bitcoin failed to hold above 80,846 after a fakeout, with a potential drop to 76,966 if it breaks below 79,560.
