28 Jul '15, 11am

Bitcoin Price: FOMC And US Rates Increase

Bitcoin Price: FOMC And US Rates Increase

Should price break above $300 today, in defiance of everything mentioned above, then that will be super bullish and traders should open a long position using $300 as a base and hard stop loss . Launching into a rally will confirm that market psychology has become conservative (as in cautious and safety conscious) and that larger players are shifting client funds into bitcoin in anticipation of market turmoil ahead. A surprise FOMC statement refraining from a 2015 rates increase, or with some other twist, could change the outlook from advance to decline, as immediate market risk subsides.

Full article: https://www.cryptocoinsnews.com/bitcoin-price-fomc-us-rat...

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