US dollar weakened against a basket of major currencies, including Bitcoin, following the release of Fed meeting minutes which completely ruled out a June rate hike. Consequently, bearish positions were liquidated which led to a price advance to $234.39 – in close proximity to the strong resistance zone of $236-238. The 240-minute BTC/USD price chart reveals that the cryptocurrency will face strong supply pressures on further increments in price.
Bitcoin Chart Structure – Bitcoin […]
