Crypto
Bitcoin Defies Fed Rate Hike, Holds Above $75K
Despite the Federal Reserve's rate hike, Bitcoin remained above $75K, avoiding a sharp decline. The S&P 500 showed a bearish reaction, breaking down from a bull flag pattern, but Bitcoin's price action remains resilient.
The cryptocurrency's support is backed by key moving averages and a bullish golden cross on the daily chart. If it maintains this support and breaks resistance levels, it could confirm the end of the bear market and the start of a new bull run.