On Friday, Bitcoin’s (BTC) price remained essentially constant in the mid-$29,000 range. The Fed is expected to raise rates by 25 basis points next week based on US economic data, but economists anticipate that the Fed will suspend its rate-hiking cycle in subsequent sessions due to worries over the banking crisis. The bull market for Bitcoin in 2023 is still strong, and long-term bullish indicators like the golden cross, 200DMA, and realised price encourage dip purchasing. A rally towards resistance in the $32,500–33,000 area and to new annual highs appears to be in the cards, according to chart analysis, which places the BTC price in the top part of a $26,500/$27,000 to $31,000ish range.
Bitcoin (BTC) Price Pauses Below $30K, Here is Where it Could Be Headed Next
