Forex Trading Library

Orbex: Crypto Consolidating! Is a breakout imminent?

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Bitcoin’s recent recovery back above the psychological level of $20,000 was a sign of a rebound.

However, since then a strong consolidation has occurred, with investors expecting an imminent breakout.

With Rising interest rates usually followed by market corrections, could the Fed have a say in the next direction of the crypto market?

Timestamps

BTCUSD 01:45

ETHUSD 03:15

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