Bitcoin trades flat as economic data weighs heavily on risk assets Bitcoin BTC Bitcoinprice
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Data provided by TradingView shows that Bitcoin bulls attempted to stage a midday rally higher but were rejected at $24,000, leading to a pullback to a daily low of $23,255 before reinforcements arrived to bid it back above support at $23,400.
“A big question is also whether the Fed will bump up its forecast of where it estimates the benchmark interest rate to peak at its next policy meeting in March,” Eight Global said. “The comments and tones by the Fed officials this week may give us some early indication of what we should expect.”
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