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BTC ANALYSIS | FOMC news will decide the next direction

Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) FOMC fed Contains image
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BTC ANALYSIS | FOMC news will decide the next direction

Ahead of the FOMC announcement in a couple of hours we are in a descending wedge/bull flag pattern that is a key identifier of consolidation and a precursor to a big move. Naturally until there is a break out it is difficult to determine the direction. The FOMC news should be a firestarter to gauge which way we are going to go here. So don't make any impulsive moves just yet and wait for the announcement and a commitment of direction from BTC.

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