Bitcoin - Review from October 17, 2024

Financial and commodity markets analytics


The price of Bitcoin is in a zone of resistance. Meanwhile, retail sales data and labor market reports for the United States are expected today. Given the upcoming Federal Reserve (FED) meeting and new decisions regarding monetary policy, if the published data affects investor expectations, it may cause increased volatility in all tools linked to the US Dollar. If a decrease in Bitcoin quotations relative to the dollar resumes, the first targets will be closer to the $60000 level.