15-12-2022 12:34 via coinjournal.net

Bitcoin price retreated: pattern points to a comeback

Bitcoin price has retreated after the Fed decision.
The Fed decided to hike rates by 50 basis points.
The inverted head & shoulders pattern points to more upside.
Bitcoin price pulled back on Thursday as the market reflected on the latest interest rate decision by the Federal Reserve. After soaring to $18,378 on Wednesday, Bitcoin retreated by 4% to $17,673. It is still substantially higher than the year-to-date low of $15,470.
Central banks downshift
The BTC/USD, BTC/GBP, and BTC/EUR prices
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