• Bitcoin is holding strong despite scrutiny from regulatory bodies and a volatile market.
• High-timeframe investors believe that any pullbacks from the current price point offer a significant opportunity.
• The quarter-point interest rate rise by the Federal Open Market Committee (FOMC) in line with expectations presented a challenge for both the crypto and stock markets.
Bitcoin Continues To Defy Odds
Bitcoin is defying all odds, including pressure from rising interest rates, an under-pressure stock market, and regulatory bodies as it holds its ground above $27,000 despite volatility in the market. High-timeframe investors are leveraging this opportunity to benefit from any potential pullbacks from the current price point.
Rising Interest Rates Challenge Crypto & Stock Markets
The Federal Open Market Committee (FOMC) recently announced a quarter-point interest rate rise in line with expectations, presenting a challenge for both crypto and stock markets. This caused Bitcoin to slide under $27,000 as traders took profits on a 20% gain over a seven-day rolling period. BTC-tracked futures traders experienced over $150 million in losses, with longs accounting for 75% of these losses. However, the Fed’s commitment to returning inflation to its 2% objective was reinforced by this decision.
How Can You Benefit?
Traders have an advantage here due to all moving averages being angled upwards and strong momentum potentially pushing prices higher. Structural changes and upcoming airdrops could also play an influential role in shaping market behavior while monitoring broader market movements by keeping track of range upper and lower limits could be beneficial too.
What About The S&P 500?
The S&P 500 is stuck in between 0.75 and 0.5 levels with either up or down break likely determining its next direction forward; something that traders can use to their advantage if they watch closely enough..
Overall, Bitcoin continues to perform well despite facing hurdles from regulatory authorities and volatility within markets which makes it essential for high timeframe investors to leverage pullbacks from its current price point. Meanwhile, traders can make use of upward moving averages along with structural changes/airdrops while monitoring broader markets closely as they look out for opportunities around ranges‘ upper/lower limits offered by S&P 500 index movements