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Fed Chairman Jerome Powell's speech has passed! What will happen to Bitcoin (BTC now?
What are the key support and resistance levels of Bitcoin (BTC) long less?
As of today, the eyes of the Crypto Assets industry have turned to the speech of US Central Bank Chairman Jerome Powell. Although Fed Chairman Jerome Powell did not speak longest, he gave some important signals about the US economy.
Powell said that as of this year, inflation has not fallen as expected, and he announced that Intrerest Rate could remain at peak levels for some time.
Although there was no obvious fall fall in the Bitcoin after these developments, BTC had already priced in Powell's negative speech.
What awaits investors in Bitcoin (BTC)?
leader Crypto Assets Bitcoin (BTC) is currently trading at $62,500. BTC broke a slight downward trend over the past period fall rise to $66,900. Bitcoin succumbed to selling pressure and began to depreciate before reaching the resistance of $67,800.
BTC appears to have retested its small downward falling trend amid its recent falling, accumulating in the range of $61,700 to $63,700 for some time.
A loss of $61,700 Bitcoin in the coming days will cause the support price to fall to the $59,000-$60,000 range.
If the shorter clouds over financial markets dissipate and BTC surpasses $64,000, Bitcoin's new target could be $67,850.
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