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Bitcoin Holds Steady Ahead of Key FOMC Interest Rate Decision

  • Bitcoin held $27,000 into September 20 as the key macroeconomic date arrived the FOMC interest rate decision.

  • Markets expected rates to remain unchanged, but the event was still tipped to cause short-term volatility.

  • Order book data showed thin liquidity around current spot price, poised to accommodate volatility.

  • Traders eyed key levels like $26,800 support and $27,450 resistance ahead of the FOMC reaction.

  • Analysts hoped range levels would be challenged as part of the interest rate decision aftermath.

cointelegraph.com
Relevant topic timeline:
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Bitcoin (BTC) surpasses $27,000, while ether (ETH) holds support levels, but interest-rate decisions this week may bring downward pressure; overall market capitalization grows just 0.4% in the past 24 hours.
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Bitcoin (BTC) price remains stable as investors continue to accumulate, while the composition of BTC investors is shifting towards long-term holders and away from short-term speculators.
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Bitcoin (BTC) reached new weekly highs as markets anticipated news from the US Federal Reserve, with BTC reacting positively to US macroeconomic data and approaching the $27,000 mark, while traders remained cautious about potential volatility and resistance levels.
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