HomeUncategorized2 more rate hikes? Bitcoin analyst counts down to ‘huge’ volatility By Cointelegraph

2 more rate hikes? Bitcoin analyst counts down to ‘huge’ volatility By Cointelegraph

May 22, 2023

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© Reuters.

stayed motionless after the May 22 Wall Street open amid suggestions that United States interest rates may keep rising.

1-hour candle chart on Bitstamp. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the range immediately below $27,000.

BTC/USD 1-day candle chart on Bitstamp with 100-day, 200-week MA. Source: TradingView
BTC/USD order book data (Binance). Source: Material Indicators/Twitter
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)