BTC ANALYSIS | FOMC news will decide the next direction
BTC ANALYSIS | FOMC news will decide the next direction
Ahead of the FOMC announcement in a couple of hours we are in a descending wedge/bull flag pattern that is a key identifier of consolidation and a precursor to a big move. Naturally until there is a break out it is difficult to determine the direction. The FOMC news should be a firestarter to gauge which way we are going to go here. So don't make any impulsive moves just yet and wait for the announcement and a commitment of direction from BTC.
Ahead of the FOMC announcement in a couple of hours we are in a descending wedge/bull flag pattern that is a key identifier of consolidation and a precursor to a big move. Naturally until there is a break out it is difficult to determine the direction. The FOMC news should be a firestarter to gauge which way we are going to go here. So don't make any impulsive moves just yet and wait for the announcement and a commitment of direction from BTC.
