Cryptocurrency Markets Trade Sideways as Bitcoin (BTC) Awaits Direction From the Fed

Notable Statistics: Notable Developments: Top Gainers: Trader Notes: Mister Crypto cautions that if Bitcoin dumps further from here, the support level is $64,000.

Cryptocurrency markets traded sideways on Wednesday evening, largely impacted by the apex financial authority in the United States leaving interest rates unchanged.

As a result of the decision, several crypto traders and analysts took to social media platforms to share their insights on the markets and highlighted some crucial technical price points. Here's a look at some of the traders' observations.

Trader Notes: Mister Crypto cautions that if Bitcoin dumps further from here, the support level is $64,000.

If #Bitcoin would dump further here…I would have a look at this support at $64,000.

Galaxy’s Head Of Research Alex Thorn sees Bitcoin in accumulation mode. Around 600,000 BTC changed hands between $66,200 and $66,900, the largest price band of on-chain movement since $0-736. This marks 3% of Bitcoin's circulating supply.

Santiment data sees market commentary leaning positively towards Bitcoin this week. It is the highest level of bullish commentary from the crypto crowd since the week of May 15. This implies that BTC at $70,000 is imminent.

Daan Crypto Trades highlighted Bitcoin's open interest being built up into the rate decision and FOMC. However, he stated that the usual positions on both sides would stack betting on a big move on either side, which is not the case currently.

He concludes that the current situation makes the odds higher for further moves to stick and nor be "another fake-out to squeeze out positions."

CryptoCon predicted that it is time for the big flip and Bitcoin bull run.

The #Bitcoin bull market starts where the Gold bear market begins

It's been 208 weeks since the last Gold bear market pinnacle, others have been triggered at 196 and 213 weeks…

The Gold bear market began in August of 2020 at all-time highs. Others have been triggered at 196 and 213 weeks into a bear market.

The apex financial authority in the United States left interest rates unchanged on Wednesday, impacting cryptocurrency markets.

Following the decision, several crypto traders and analysts shared their insights on social media platforms, highlighting crucial technical price points. Here's a look at some of the traders' observations.

Cryptocurrency markets appeared to be largely impacted by the apex financial authority in the United States leaving interest rates unchanged on Wednesday evening. Several crypto traders and analysts took to social media platforms to share their insights on the markets, highlighting crucial technical price points. Here's a look at some of the traders' observations.

Institutions are buying up Bitcoin in droves, and the Gold bear market began at all-time highs in August of 2020.

Cryptocurrency markets traded sideways on Wednesday evening, largely impacted by the apex financial authority in the United States leaving interest rates unchanged.

As a result of the decision, several crypto traders and analysts took to social media platforms to share their insights on the markets and highlighted some crucial technical price points. Here's a look at some of the traders' observations.

Cryptocurrency markets appeared to be largely impacted by the apex financial authority in the United States leaving interest rates unchanged on Wednesday evening. Several crypto traders and analysts took to social media platforms to share their insights on the crypto markets, highlighting crucial technical price points. Here's a look at some of the traders' observations.

Institutions are buying up Bitcoin in droves, and the Gold bear market began at all-time highs in August of 2020.

Institutions are buying up Bitcoin in droves, and the Gold bear market began at all-time highs in August of 2020.

Cryptocurrency markets traded sideways on Wednesday evening, largely impacted by the apex financial authority in the United States leaving interest rates unchanged. Several crypto traders and analysts took to social media platforms to share their insights on the markets and highlighted some crucial technical price points. Here's a look at some of the traders' observations.

Cryptocurrency markets appeared to be largely impacted by the apex financial authority in the United States leaving interest rates unchanged on Wednesday evening. Several crypto traders and analysts took to social media platforms to share their insights on the crypto markets, highlighting crucial technical price points. Here's a look at some of the traders' observations.

Institutions are buying up Bitcoin in droves, and the Gold bear market began at all-time highs in August of 2020.

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