Did FED Day Actually Save the day for Bitcoin? I would say yes because Bitcoin was hovering over a very critical support level of $46,000 and breaking below that support level was strongly bearish.
Bitcoin price today is $48,203.08 USD with a 24-hour trading volume of $35,813,042,124 USD. Bitcoin is up 2.03% in the last 24 hours, with a market cap of $911,161,924,479 USD. It has a circulating supply of 18,902,568 BTC coins.
Bitcoin gained more than 6% because of the FED Day rising from $46600, below fib 0.786 to $49500, just below the local support of fib 0.236. Bitcoin is likely to drop to the local support of $48275, at fib 0.5, and then rise again to the falling trend line of lower highs making EMA 200 its support. This should also act as a resistance level for Bitcoin on an hourly timeframe.