HomeUncategorizedBitcoin gets $28K ‘plunge protection’ with BTC price due new volatility By Cointelegraph

Bitcoin gets $28K ‘plunge protection’ with BTC price due new volatility By Cointelegraph

July 27, 2023

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(BTC) traders braced for classic volatility on July 26 as the United States Federal Reserve interest rate decision dawned.

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC price action hovering near $29,200.

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
BTC/USD order book data for Binance. Source: Material Indicators/Twitter
(DXY) 1-day chart. Source: TradingView