Analyst Warns Bitcoin Price Could Drop to $77K After FOMC
Photo: CaptainAltcoin
Bitcoin is moving higher ahead of today’s Federal Reserve decision, but analyst Ali Martinez believes the more important move could come after the FOMC meeting. BTC gained roughly 1.4% earlier today, moving from around $80,600 toward $81,700. That rebound might look constructive at first glance. Ali, however, points to several on-chain signals that make him cautious about what happens once the Fed decision is out. Bitcoin needs to hold $81,000 and reclaim $84,500. If $81,000 gives way, he believes $77,000 becomes the next important downside target.
Source: CaptainAltcoin
