Bitcoin Capped At $116K As Traders Cut Risk Ahead of FOMC, China Deal
Key points: Bitcoin traders’ ability to overcome price resistance at $116,000 could hinge on Wednesday’s Fed decision on interest rates and this week’s US-China trade summit. Pro traders are distributing into BTC price rallies while retail-sized investors are buying the dips in spot, and also being liquidated in futures. Bitcoin (BTC) price continues to show…
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