The post Bitcoin Turns Bearish As FOMC Meeting Approaches! BTC Price To Record Similar Trend? appeared on BitcoinEthereumNews.com.

Crypto Live News Author: Elena R Elena R Author Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Jun 11, 2024 18:26 With the Federal Open Markets Committee (FOMC) of the U.S. Federal Reserve meeting scheduled for the 11th and 12th of June, the cryptocurrency market has displayed a strong bearish price action over the past two days. Notably, there have been 4 FOMC meetings in 2024 and before every meeting, the crypto market has recorded a dump, with Bitcoin (BTC) price recording a correction of up to 10% before the meeting and recovering all losses on the FOMC day. Will the market experience a similar trend during this meeting? Source: https://coinpedia.org/crypto-live-news/bitcoin-turns-bearish-as-fomc-meeting-approaches-btc-price-to-record-similar-trend/

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Filed under: News - @ June 11, 2024 3:20 pm