Today, FED's interest rate decision and Powell's messages are being followed in Bitcoin, which has risen above $ 27,000 with its rise.
At this point, while investors are in a dilemma about whether the rise in BTC will continue or not, popular analyst Michael van de Poppe announced the levels he followed before and after the FED decision.
Pointing out that there are two critical levels in Bitcoin, the analyst said that these are the $ 26,700 and $ 28,000 levels.
Poppe stated that he is eagerly waiting for the FED's interest rate decision and said that there are two possible scenarios for BTC.
The first scenario is BTC rising above $28,000; The second scenario is a break below $26,700.
“Let's see what will happen in Bitcoin after FOMC?
Important levels for me are: $26,700 and $28,000.
If Bitcoin rises above $28,000, I will be interested in long positions after this level.
“If Bitcoin breaks below $26,700, I will buy BTC at $26,000.”
The chop continues on #Bitcoin.
Let's see what happens after FOMC.
Crucial levels to me: $26,700 and $28,000. Anything in between is simply chop.
Breaking above $28K -> interested for longs.
Breaking south of $26.7K -> buying $26K. pic.twitter.com/RB373WYHK8
— Michaël van de Poppe (@CryptoMichNL) September 20, 2023
Bitcoin, which rose to $27,480 in the last two days, continues to be traded at $27,075 at the time of writing.
*This is not investment advice.