Bitcoin bounce rejected at 50-day trend line ahead of FOMC, earnings
- —Bitcoin's rebound stalled at the 50-day simple moving average
- —Market participants await the Federal Reserve's rate decision
- —Key tech earnings reports are also in focus
Why it matters: The 50-day average remains the key resistance: a break could open the way higher, while a rejection risks a deeper pullback.
Source: Cointelegraph