BTC review dated 21.09.2022
Bitcoin continues to decline despite the formation of a reversal candle on September 19. At the moment, bitcoin’s rate is under pressure from the upcoming Fed meeting, which will be held at 18:00 UTC. It will decide on an increase in the key rate. According to analysts’ predictions, the rate will be raised by 75 p. p. at once. This event will lead to increased volatility in the markets.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.