Bitcoin under pressure ahead of first Fed rate hike in three years
- —Bitcoin tests $64,000–65,000 support ahead of the Fed decision
- —CryptoQuant: the key factor is buyers' ability to absorb seller pressure
- —Trading volumes are not rising: traders are taking a cautious stance
- —The first Fed rate hike in three years could change market liquidity
Why it matters: The Fed decision will determine bitcoin's short-term trajectory: holding support opens the way to gains, while a breakdown would intensify selling.
Source: Coinfomania