Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19
  • NFT

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Bitcoin: Range extension on the cards until Fed’s decision
Altcoins

Bitcoin: Range extension on the cards until Fed’s decision

2023-09-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 11, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

  • BTC continued to defend the range-low near $25.8k.
  • Fed’s decision on 20 September could induce some volatility. 

Interest rate traders are keenly preparing to exploit Bitcoin [BTC] price swings ahead of the FOMC (Federal Open Market Committee) Meeting on 20 September. There is expected market volatility before and after the Fed rate announcement. 


Is your portfolio green? Check out the BTC Profit Calculator 


Over 90% of traders polled were inclined towards an unchanged Fed rate target range of 5.25% – 5.5%. So, a repeat of the June price action couldn’t be overruled if the Fed pauses the rate hike. 

BTC fronted an impressive recovery in mid-June after the Fed pause rate hike alongside hype around ETF (Exchange-traded fund) filing from BlackRock and other firms.  

What’s next for BTC price action?

Bitcoin price analysis

Source: BTC/USDT on TradingView

After the mid-August dump, BTC price action was muted near the range-low of $25.8k. The 6% pump on 29 August was catalyzed by Grayscale’s win against the US SEC. But the win was short-lived, exposing BTC to a retraction to the range-low again. 

The retraction left a price imbalance of $26.1k – $27.0k (white). Besides, price action was below the 50-EMA (Exponential Moving Average) and could act as a dynamic resistance before the Fed’s decision. So, BTC could attempt to fill the price imbalance and retest mid-range near $27k if the Fed’s decision is favorable. 

See also  Cardano held in a range - when will the next major movement of Ada take place?

Conversely, sellers could gain more leverage if they crack the daily bullish order block (OB) of $24.8k – $26k (cyan). Such a move could ease at the next support and weekly bullish OB of $21.4k – $23.45k (cyan). 

Meanwhile, the RSI struggled to cross above the 50 mark since mid-July, reinforcing weakened buying pressure. The CMF also followed RSI’s trend but crossed above zero on 4 September, indicating capital inflows to the BTC market improved in the past week. 


How much are 1,10,100 BTCs worth today?


Massive buy and sell limit orders at $25k and $28k

Bitcoin price analysis

Source: Mobchart

According to Mobchart, a real-time order tracking platform, significant buy and sell limit orders were placed at $25k and $28k, respectively, at press time. It shows that BTC wild price swings could see a reversal at these levels.

However, Ethereum [ETH] could outperform BTC in the short to mid-term as ETH ETF approval is expected as early as October in the US. 

Source link

Bitcoin Cards Decision extension Feds Range
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

Whales that are used heavily on Bitcoin Longs – this is why this can work out counterproductive!

2025-05-19

How to stimulate your PI network extraction rate with 26x in 2025 – Key Strategy

2025-05-19

Ethereum cools down as Bitcoin Strances: the rotation game of Smart Money Decoding!

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Hacker Forfeits $21,849,087 Worth of Bitcoin to Feds, Sentenced to 20 Years in Prison

2022-10-15

Is Parallel EVM the Solution to Scaling Ethereum?

2024-05-28

BNB Price Rise: Optimistic Momentum Increases After Breakout from $724

2024-12-04
Editors Picks

What Is Dash Cryptocurrency and How Does it Work? A Beginner’s Guide

2023-05-19

Binance’s CEO dismisses concerns that institutional crypto ETFs are threatening decentralization

2023-07-06

Tokenovate to transform carbon credits with blockchain

2024-10-14

Bitcoin: How HODLing Now Seems to Be the Best Bet for Investors

2024-01-13
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP -Price confirms Bullish reversing settings with this demand zone

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,904.530.28%
  • ethereumEthereum(ETH)$2,493.341.22%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.37-1.34%
  • binancecoinBNB(BNB)$646.880.42%
  • solanaSolana(SOL)$165.04-3.07%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.222741-2.32%
  • cardanoCardano(ADA)$0.74-1.35%
  • tronTRON(TRX)$0.264677-0.38%
  • suiSui(SUI)$3.75-1.24%
  • chainlinkChainlink(LINK)$15.590.42%
  • avalanche-2Avalanche(AVAX)$22.15-1.49%
  • stellarStellar(XLM)$0.284453-1.75%
  • hyperliquidHyperliquid(HYPE)$26.08-1.13%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.39%
  • hedera-hashgraphHedera(HBAR)$0.190755-1.03%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.23%
  • bitcoin-cashBitcoin Cash(BCH)$388.95-3.28%
  • the-open-networkToncoin(TON)$3.00-3.66%
  • litecoinLitecoin(LTC)$98.47-0.44%
  • polkadotPolkadot(DOT)$4.57-2.61%
  • moneroMonero(XMR)$342.170.51%
  • bitget-tokenBitget Token(BGB)$5.16-0.18%
  • pepePepe(PEPE)$0.000013-1.07%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.72-2.21%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.92-0.94%
  • aaveAave(AAVE)$236.312.72%
  • bittensorBittensor(TAO)$403.98-3.55%
  • nearNEAR Protocol(NEAR)$2.74-0.61%
  • aptosAptos(APT)$5.151.02%
  • okbOKB(OKB)$51.99-1.94%
  • ondo-financeOndo(ONDO)$0.92-1.82%
  • ethereum-classicEthereum Classic(ETC)$18.34-0.03%
  • kaspaKaspa(KAS)$0.106061-4.69%
  • internet-computerInternet Computer(ICP)$5.20-0.85%
  • gatechain-tokenGateToken(GT)$21.40-0.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.83-1.45%
  • crypto-com-chainCronos(CRO)$0.095364-3.19%
  • mantleMantle(MNT)$0.72-1.57%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231443-1.68%
  • vechainVeChain(VET)$0.027772-1.26%
  • render-tokenRender(RENDER)$4.53-1.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.363404-3.75%
  • filecoinFilecoin(FIL)$2.860.84%
  • algorandAlgorand(ALGO)$0.220157-0.45%
  • arbitrumArbitrum(ARB)$0.3870721.02%
  • bitcoinBitcoin(BTC)$104,904.530.28%
  • ethereumEthereum(ETH)$2,493.341.22%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.37-1.34%
  • binancecoinBNB(BNB)$646.880.42%
  • solanaSolana(SOL)$165.04-3.07%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.222741-2.32%
  • cardanoCardano(ADA)$0.74-1.35%
  • tronTRON(TRX)$0.264677-0.38%
  • suiSui(SUI)$3.75-1.24%
  • chainlinkChainlink(LINK)$15.590.42%
  • avalanche-2Avalanche(AVAX)$22.15-1.49%
  • stellarStellar(XLM)$0.284453-1.75%
  • hyperliquidHyperliquid(HYPE)$26.08-1.13%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.39%
  • hedera-hashgraphHedera(HBAR)$0.190755-1.03%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.23%
  • bitcoin-cashBitcoin Cash(BCH)$388.95-3.28%
  • the-open-networkToncoin(TON)$3.00-3.66%
  • litecoinLitecoin(LTC)$98.47-0.44%
  • polkadotPolkadot(DOT)$4.57-2.61%
  • moneroMonero(XMR)$342.170.51%
  • bitget-tokenBitget Token(BGB)$5.16-0.18%
  • pepePepe(PEPE)$0.000013-1.07%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.72-2.21%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.92-0.94%
  • aaveAave(AAVE)$236.312.72%
  • bittensorBittensor(TAO)$403.98-3.55%
  • nearNEAR Protocol(NEAR)$2.74-0.61%
  • aptosAptos(APT)$5.151.02%
  • okbOKB(OKB)$51.99-1.94%
  • ondo-financeOndo(ONDO)$0.92-1.82%
  • ethereum-classicEthereum Classic(ETC)$18.34-0.03%
  • kaspaKaspa(KAS)$0.106061-4.69%
  • internet-computerInternet Computer(ICP)$5.20-0.85%
  • gatechain-tokenGateToken(GT)$21.40-0.92%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.83-1.45%
  • crypto-com-chainCronos(CRO)$0.095364-3.19%
  • mantleMantle(MNT)$0.72-1.57%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231443-1.68%
  • vechainVeChain(VET)$0.027772-1.26%
  • render-tokenRender(RENDER)$4.53-1.25%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.363404-3.75%
  • filecoinFilecoin(FIL)$2.860.84%
  • algorandAlgorand(ALGO)$0.220157-0.45%
  • arbitrumArbitrum(ARB)$0.3870721.02%