Is Bitcoin price bouncing at 57K? Here’s why these levels are key
Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside?
Bitcoin (BTC) held near two-month lows at the May 1 Wall Street open as risk assets braced themselves for the next United States macro move.
Data from Cointelegraph Markets Pro and TradingView followed skittish BTC price action hours after new lows of $56,500 on Bitstamp.
Traders remained on edge across risk assets ahead of the Federal Reserve’s next interest rates announcement and subsequent press conference from Chair Jerome Powell.
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Author: William Suberg
