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Bitcoin preps FOMC reaction as BTC price coils below new .5K record

Bitcoin preps FOMC reaction as BTC price coils below new $76.5K record

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Source: Coin Telegraph

BTC price targets already include $100,000, with Bitcoin traders bracing for more volatility around the Fed interest-rate decision.

Bitcoin is consolidating at $75,000 on Nov. 7 as markets gear up for a United States macro event.

BTC/USD 1-hour chart. Source: TradingView

Bitcoin’s (BTC) price action reached new record highs of $76,480 on Bitstamp before a modest pullback, data from Cointelegraph Markets Pro and TradingView confirmed.

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Author: William Suberg