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Crypto

BTC Holds Steady Above $76,000 Amid Fed Rate Hike

Guavy AI Editorial Team
Instruments
BTC
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Crypto markets are experiencing a mixed reaction to the recent Federal Reserve rate hike. Bitcoin (BTC) has stabilized above $76,000 despite a decline in momentum.

The Relative Strength Index (RSI) hovers near the neutral 50 level on the daily chart, and the Moving Average Convergence Divergence (MACD) extends downward below its signal line, reaffirming reduced upside pressure.

Bitcoin's price is being closely watched for a potential rebound, which could face resistance at $82,850 or the 78.6% retracement level of $87,476.

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