27 Apr '16, 2pm

Bitcoin Price Crashes Into Fed Rates Call

Bitcoin Price Crashes Into Fed Rates Call

Regardless, remember that price is at critical resistance – an annual high – at the same time as a major global economic announcement is due (Fed rates), so the market is unlikely to make progress until after the announcement (19h00 UTC) when the largest bitcoin players (investment funds) position in the market. That the bullish spirit to date has been mostly retail activity, i.e. ordinary exchange traders, is evident from the advance’s low volume that has also been contracting (blue arrow) as price advanced during the past week.

Full article: https://www.cryptocoinsnews.com/bitcoin-price-awaits-fed-...

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