Bitcoin, Ethereum Technical Analysis: BTC Consolidates as Markets Prepare for 0.75% Rate Hike

Bitcoin.com | Nov 1, 2022 at 2:00 PM
  • Bitcoin was consolidating below a key resistance level on Tuesday, as market volatility rose ahead of the upcoming U.S. Fed decision.
  • Following a failed breakout of its $20,800 ceiling on Monday, BTC/USD slipped to a low of $20,287.46 earlier today.
  • As can be seen from the chart, price volatility also comes following a failed surge in price strength.