Can Bitcoin bulls hold these crucial support levels into the weekly close?
The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages still yet to flip from resistance to support.
“In terms of spot direction, we are not sure if the upside momentum continues in a big way,” researchers wrote. QCP pointed to the upcoming meeting of the United States Federal Reserve’s Federal Open Markets Committee on July 27 as a major volatility event to come.
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