The post Bitcoin Traders Experience Heavy Losses as Volatility Squashes to the Ground-Is the Bull Run on the Horizon? appeared first on Coinpedia Fintech News
The crypto space is about to face fresh price variations as the FOMC is set to release fresh interest rates. The markets were expected to experience a minor push, similar to previous ones, but the current trade setup indicates the Bitcoin (BTC) price is set to undergo a pre-FOMC drop. In times when market participants have become largely bearish on Bitcoin, setting lower targets, a ray of hope for the bulls emerges, expecting an upswing very soon.
The BTC price has been trading within a parallel consolidation for over a month, failing to rise above the resistance and sustaining above the lower support. This has caused volatility to reach ground level. With a drop in volatility and volume, the sellers are failing to gain profits and are selling at acute losses. This has led to a major drop in seller exhaustion levels that have rea
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