Bitfinex: bitcoin recovers to $76,500 after Fed rate hike
- —Bitcoin rebounded to $76,500 after a brief drop on the Fed decision
- —A close above $77,100 signals the market has absorbed the rate news
- —Two closes below $75,000 would indicate a weak recovery
Why it matters: The $77,100 and $75,000 levels will determine bitcoin's direction in the coming days after the hawkish Fed decision.
Source: Coinfomania