Bitcoin price action avoided volatility but failed to bounce from local lows after a hawkish Fed meeting and posturing over Strait of Hormuz control from Iran.
Technical Analysis
Bitcoin surges to $63K on Juneteenth, despite hawkish Fed and geopolitical tensions. The price avoided volatility but failed to break above local lows, indicating mixed signals for the market. As July Fed rate-hike odds near 40%, professionals should watch for further regulatory and economic impacts on crypto.
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