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BTC Price Compression May End With White House Crypto Report


Key points:

  • The bitcoin price compression and bollinger bolling suggest an expansion of ranga.

  • The first week of the week is likely to be the result of Trade Traders of Friday Wednesday and a real update of their Crypto’s Strategic Reserve.

Bitcoin (Btc) Continued to trade to the $ 117,000 to $ 120,000 range on Tuesday, and seems to protect for a daily near $ 118,000. Some analysts have called BTC to retirement underlying support At 114 04,000 to $ 110,000, and as the technicians have a movement of such move, the house of the household’s house on the fence of the Crypto

The report should reveal the exactly bitcoin exact number is currently in the US Government, and trump are that President Trump should be recovery again.

In addition to the comments from the fueled earnings for meta brush, Ford, Robinted and Microsoft “US Index, GDP

The Federal Chair Reserve Gerome Powell is also scheduled to talk, following the decision of interest on interest rates. Currently Metwats FEDDS FEDDS FEDDS METTRESS FEDDS IN 98% OF CENTER BANGERA will leave useless rates in 4.25% to 4.5%. In spite of intense pressure by the President Trump Power, Powell appears to stand the course and leaving the fatal with the option or cut on economic data.

As was the case in previous trading days prior to the FOMC traders, encryption appears to cut the risk, and most tokens of great expenses sold today. The Data by TRD shows the open bitcoin interest falls to $ 49.58 billion, from $ 50.58 billion the opening of the wall opening. Long settings in the future market by accelerate it, and the data from coinngles shows $ 173.8 million in the last 12 hours.

Total market settlements 12 hours. Source: Coinglass

In relation: Bitcoin bull sulg aim to chase liquidity to $ 122k but q3 seasons could install the breaks

The good news trigger a break?

In the past three weeks, Price Bitcoin saw a $ 5,300 of the $ 5.200’s movement, tempting new news from the crypty house could be the catalyster for upside.

Bollinger bands are also close to a narrow, reinforces the bitcoin price compression and beer

BTC / USDT Binance Perps. 1 day chart. Source: Trrt.io

This item does not contain advice or investment advice. Any movement of investment and business involves risky risk, and readers should make their own research when it makes a decision.