03-11-2022 03:38 via newsbtc.com

Bitcoin Price Eyes Fresh Upside Break After Fed Interest Rate Hike

Bitcoin price dipped a few points against the US Dollar after the fed rate hike. BTC remained supported and might eye a fresh increase above the $20,500 resistance.Bitcoin corrected further lower and tested the $20,000 support zone.
The price is trading below $20,500 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $20,520 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could a fresh increase if it clears the 100
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