Macro· ★★★· neutral·

Traders Call Bitcoin Bottom Ahead of Fed's Oct. 28 Decision

  • —Ted Pillows: bitcoin bottomed on the last Fed decision day and gained 16% in a week
  • —Investor Kaleo said the bottom is in, without giving a price target
  • —Trader Sykodelic posted an inverted chart to argue the downside case is overdone
  • —The FOMC decision is due on Oct. 29 Korean time
Why it matters: The Fed's Oct. 28 decision could determine whether bitcoin holds $80K or slides toward $75K.
#BTC
Source: Blockmedia
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