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Bitcoin, Ethereum Technical Analysis: BTC Consolidates as FOMC Indicates Further Rate Hikes to Come

January 5, 2023

Category:

Bitcoin

Bitcoin (BTC) mostly consolidated on Thursday, as price failed to break out of the key level of $17,000 yesterday.

Following a high of $16,964.59 on hump day, BTC/USD slipped to an intraday low of $16,789.75 earlier in the session.

The drop comes as markets reacted to the latest FOMC minutes, where the Fed have seemingly agreed to maintain interest rate hikes.

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