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Viewpoint: BTC may need to close above $81,000 in the weekly line to avoid downward fluctuations before the FOMC meeting
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3 hours ago 9,073
Gold Finance reported that Bitcoin needs to close above the critical $81,000 weekly line to avoid more downward volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, Ryan Lee, chief analyst at Bitget Research, said a closing price break above $81,000 this week would be key to avoiding further declines in Bitcoin, and staying above that level would indicate resilience, but if it falls below $76,000, it could trigger more short-term selling pressure. According to the latest estimates of the Fed's observation tool from CME Group, the market currently expects the possibility that the Fed will maintain interest rates to be stable is 98%.
Keywords: Bitcoin
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