Bitcoin passes $41,000 resistance with a little help from Asian stocks.
“All eyes on FOMC meeting, which will probably result into a fake-out move first, before the real move, and then actually end up in a panic move overall as markets are determined through panic moves,” Cointelegraph contributor Michaël van de PoppeThe FOMC, or Federal Open Market Committee, was due to report at 2 pm Eastern time on Wednesday, followed by a press conference from Fed Chair Jerome Powell at 2:30 pm.Despite a “death cross” on the S&P 500 Tuesday, meanwhile, U.S.
A death cross refers to the 50-period moving average crossing under the 200-period moving average during downturns.Crosses have occurred in close vicinity of lows of both the S&P500 and Bitcoin.
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