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Bitcoin trader warns of 'bearish reaction' to FOMC with $64K now essential
A Bitcoin trader warns of a potential bearish reaction to the FOMC meeting as Bitcoin approaches critical support levels, with price targets of $64,000 and $55,000 mentioned. The new Fed chair, Kevin Warsh, is beginning his first FOMC day.
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Adjacent reporting
- The key to the upcoming Fed meeting? How Warsh reacts to all the hints of a rate hike.
- New Fed chair is caught between a bond market demanding rate hikes and a president demanding cuts
- Bitcoin Eases as Traders Brace for the Fed Verdict
- Ethereum traders warn of a ‘nasty’ ETH price drop if $2K support breaks