BTC falls below $18,000, as markets continue to digest the latest Fed rate hike.
) was once again trading below $18,000, as bears reentered the market following the latest Fed meeting./USD slipped to an intraday low of $17,642.51 earlier today.
The drop seemingly comes as traders moved to secure profits, after recording three straight days of gains.Looking at the chart, this reversal in price coincided with the 14-day relative strength index failing to break out of a ceiling at 60.00 As of writing, the index is tracking at the 57.17 mark, with the next visible point of support at 54.00.will be trading close to the $17,200 point.) also moved lower on Thursday, following the U.S. Federal Reserve’s decision to hike rates by 0.5%.
After the decision, Fed Chair Jerome Powell gave some market guidance stating that they “are getting close to the level we think [is] sufficiently restrictive.”
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