Investing.com - Financial Markets Worldwide

BTC Market Technical Indicators Forecast Further Bull Boom

Published 14/12/2022, 18:30
© Reuters.

  • Bitcoin price rises due to FOMC statement anxiety.

  • BTC has been on an upward trend in the preceding 24 hours, according to recent statistics

  • Technical signs indicate that a prolonged bull run is on the horizon.

The bulls remained in charge of the market throughout the day after invalidating the short-lived momentum that had succeeded in pushing prices to $17,412.19. As of press time, this upward momentum has managed to value Bitcoin (BTC) prices at $17,888.92, representing a 2.51% boost.

With the anticipated interest rate hike, the BTC market has seen increased purchasing pressure, with trading volume increasing by 9.77% to $22,941,703,396 and market capitalization increasing by 2.20% to $342,843,373,129. This move bolsters the BTC market’s tenacity as well as the much-anticipated Federal Open Market Committee (FOMC) announcement.

The post BTC Market Technical Indicators Forecast Further Bull Boom appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.