{"id":21609,"date":"2023-06-15T08:05:38","date_gmt":"2023-06-15T08:05:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-dips-below-25k-after-fed-decision-what-next\/"},"modified":"2023-06-15T08:05:38","modified_gmt":"2023-06-15T08:05:38","slug":"bitcoin-price-dips-below-25k-after-fed-decision-what-next","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-price-dips-below-25k-after-fed-decision-what-next\/","title":{"rendered":"Bitcoin price dips below $25k after Fed decision- what next?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686814335420-46d096ae-bdc6-4ebb-a8a9-3432aea370be-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686814335420-46d096ae-bdc6-4ebb-a8a9-3432aea370be-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686814335420-46d096ae-bdc6-4ebb-a8a9-3432aea370be-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1686814335420-46d096ae-bdc6-4ebb-a8a9-3432aea370be-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin price fell below $25,000 after the Fed rate pause news.<\/li>\n<li dir=\"ltr\">An analyst points out that the decline saw bulls lose a 7-month trendline support and $20k-$22k could be next.<\/li>\n<li dir=\"ltr\">The main resistance zone is between $26k and $28.3k, which can be touched if BTC bounces back.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> broke below the $25,000 level overnight Wednesday as bulls failed to hold a key support zone, with the new price weakness coming after the <a href=\"https:\/\/coinjournal.net\/news\/tag\/us-federal-reserve\/\">US Federal Reserve<\/a>\u2019s interest rate pause decision.<\/p>\n<p dir=\"ltr\">Bitcoin had <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-consolidates-ahead-of-the-feds-decision-is-it-safe-to-buy-it-here\/\">consolidated<\/a> near $26k ahead of the Fed\u2019s decision. However, as the markets reacted to the news, BTC dipped past $25,500, losing a major trendline that has acted as upside support for the past seven months.<\/p>\n<h2 dir=\"ltr\">Analyst share short term Bitcoin price prediction<\/h2>\n<p dir=\"ltr\">Bitcoin\u2019s decline below $25k now puts bulls at risk of further rot, a scenario that could crystalise if bears take control. In this case, downside pressure could allow sellers to target new lows.<\/p>\n<p dir=\"ltr\">Crypto analyst Captain Faibik<a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/1669187186426789894\" rel=\"noopener noreferrer\" target=\"_blank\">\u00a0<u>says<\/u><\/a>:<\/p>\n<p dir=\"ltr\">\u201c<em>$BTC Bulls have lost the 7-Month Major Trendline, Not a good Sign..!! Is it a TRAP or Bears are back in the Town? If it\u2019s a trap and Bitcoin bounces back, reclaiming the 26.7k resistance, we could witness a Bullish Rally towards 31k. If Bears are back, Bitcoin may face more downward pressure, possibly testing the 20-22k area<\/em>.\u201d<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 800px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/05\/15\/1686814060512-821ba685-82b6-4bb5-b997-e742c36fdeb1.jpg\" style=\"width: 800px\" class=\"fr-fic fr-dib\" width=\"800\" height=\"299\"\/><span class=\"fr-inner\">Bitcoin price chart shared by Captain Faibik on Twitter<\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">Another analyst, Ali, says BTC has its most important support area in the $22.7k-23.6k region. On the upside, the main resistance zone lies between $26k and 28.3k. This suggests a bounce could see Bitcoin reclaim this zone and possibly look to retest the $30k area.<\/p>\n<\/div>\n<p dir=\"ltr\">\u201c<em>Bitcoin sits on thin ice! Notice the most important support zone is between $22,785 and $23,595 where 1.34 million wallets hold 450,000 $BTC. On the flip side, #BTC faces stiff resistance between $26,000 and $28,250 where 5.18 million wallets bought 2.1 million BTC<\/em>,\u201d the analyst<a href=\"https:\/\/twitter.com\/ali_charts\/status\/1668907558763913216\">\u00a0<u>tweeted<\/u><\/a>.<\/p>\n<p dir=\"ltr\">While the sub-$25k level offers a buy the dip opportunity, crypto analyst Rekt Capital <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1669035211215056896\"><u>notes<\/u><\/a> that the loss of $26,600 threatens turning it into stiff resistance. A rejection of this level after the Weekly Close below could mean \u201c<em>lower $20000s await<\/em>.\u201d<\/p>\n<p dir=\"ltr\">Bitcoin traded at $24,878 early Thursday morning, about 4% down as altcoins mirrored the losses. The total crypto market cap was down 3.8%, with <a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> trading at $1,674 and <a href=\"https:\/\/coinjournal.net\/news\/tag\/xrp\/\">XRP<\/a> at $0.47 \u2013 down 6% and 7.3% respectively at the time of writing.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-dips-under-25k-as-bulls-lose-7-month-trendline-what-next\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin price fell below $25,000 after the Fed rate pause news. An analyst points out that the decline saw bulls lose a 7-month trendline support and $20k-$22k could be next. The main resistance zone is between $26k and $28.3k, which can be touched [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21609"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21609"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21610"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}