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BTC Market Technical Indicators Forecast Further Bull Boom

Published 2022-12-14, 12:30 p/m
© Reuters BTC Market Technical Indicators Forecast Further Bull Boom

  • Bitcoin price rises due to FOMC statement anxiety.

  • BTC has been on an upward trend in the preceding 24 hours, according to recent statistics

  • Technical signs indicate that a prolonged bull run is on the horizon.

The bulls remained in charge of the market throughout the day after invalidating the short-lived momentum that had succeeded in pushing prices to $17,412.19. As of press time, this upward momentum has managed to value Bitcoin (BTC) prices at $17,888.92, representing a 2.51% boost.

With the anticipated interest rate hike, the BTC market has seen increased purchasing pressure, with trading volume increasing by 9.77% to $22,941,703,396 and market capitalization increasing by 2.20% to $342,843,373,129. This move bolsters the BTC market’s tenacity as well as the much-anticipated Federal Open Market Committee (FOMC) announcement.

The post BTC Market Technical Indicators Forecast Further Bull Boom appeared first on Coin Edition.

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