FX.co ★ #Bitcoin chart analysis

Hello everyone! Bitcoin has won the battle for the $64K level, but as you can see on the daily chart, the resistance zone extends to $66K. I expect BTC to fall below $64K under the influence of fundamental factors. Ahead of the US Fed meeting, funds are avoiding risky instruments, which include cryptocurrency. It’s easier to wait out the uncertainty in monetary policy by allocating into short-term Treasuries, which are currently high-yield (~3.8%). Add to this the escalating confrontation between the US and Iran and rising oil. The trigger for a drop could be the release of the ADP employment report (15:15 MSK). Analysts expect the dollar to strengthen on Forex, which negatively affects all assets.