Bitcoin Flat Ahead of FOMC Update But A Rally to $10K is Likely; Here’s Why

Bitcoin is trading cluelessly ahead of the Federal Open Market Committee’s two-day meeting starting Tuesday. The cryptocurrency attempted a price rally towards $10,000 during the overnight session Monday but fell back due to profit-taking sentiment. Analysts expect the Federal Reserve to maintain interest rates near zero while continuing its open-ended stimulus program. That could help bitcoin sustain its bullish bias in the long-term, with a close above $10,000 likely in June 2020. Bitcoin attempted a […]

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