Bitcoin closes the week below $77,000, $76,000 support holds
- —BTC weekly close below $77,000, $76,000 support held
- —CME FedWatch: 88.5% for a 25 basis point Fed rate hike on Wednesday
- —On the 4-hour chart BTC broke a downtrend, with targets at $78,900 and $79,500
- —On the weekly chart the Stochastic RSI is crossing downward, momentum is weakening
Why it matters: The Fed's decision on Wednesday could push BTC out of its range; a rate hike risks breaking the $76,000 support.
Source: Crypto Daily