No FOMC volatility for Bitcoin as BTC price action shakes off macro events.
“The Fed's announcement of a rate pause caught exactly no-one by surprise,” popular trader Jelle“Price is still in the same spot, but at least now we don't have FOMC hanging over our heads. Rangebound until proven otherwise.
”Jelle’s underlying longer-term roadmap remained bullish, suggesting an exit higher from the current structure, in play for more than a year, was still possible.Some argue it's not a valid pattern, while others anticipate a big breakout.
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