Tense times for Bitcoin markets ahead of fresh comments from Fed Chair Jerome Powell.
An accompanying chart showed buy and sell levels on the Binance order book, these strengthening closer to spot at the time of writing, reducing the potential for a breakout.Continuing, Keith Alan, nonetheless predicted that an end to the“PA will be forced to make a directional move out of the micro-structure very soon,” he“Normally I would be eager to scalp the volatility that usually front runs a JPow conference, but the R:R ratio in the active range sucks.
On the topic of price targets, Cointelegraph contributor Michaël van de Poppe flagged $21,000 as a key level to hold in the event of additional downside.is boring, as we anticipate reactions based on tomorrow's news .- Testing $21.8K will likely result in acceleration to $23.2K.
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