The cryptocurrency markets, which had been largely stagnant for a long time, have been shaken by the following FOMC minutes. Despite the fact that the previous script of the FOMC meeting has is still to be released, the following agenda of the meeting was likewise expected to have a larger impact on the cryptocurrency markets, in particular Bitcoin. Now that the minutes are to be released shortly, the cryptocurrency markets have been displaying a negative impact as the Bitcoin price is on its way to hitting $26,000.
The Bitcoin price has been rejected numerous times from levels around $27,500 and is presently facing extended bearish action. Hence, the price is expected to sustain a whole lot of bearish tendency that may even plunge below $25,000, as predicted by a trending analyst, Michael van de Poppe.
The analyst here offers both positive tendency and bearish levels for the Bitcoin (BTC) price in the coming days. He reveals the following level to closely watch maybe $25,800, which has been triggering positive tendency divergence for some time now. If in case, the price fails to keep up over these levels, then a breakdown may drag the price lower.
“ Bitcoin (BTC) lost critical levels after rejecting at $27.5K,
I wanted it to hold $27K, it didn’t.
Scenarios I’m watching;
-Sweep $25.8K for positive tendency div long play (perhaps $24.9K)
-Reclam $26.6K or preferably $27.5K = long play for me as then we’ll accelerate towards high,”
