Bitcoin and altcoins are holding key support levels, but this week’s Federal Reserve FOMC comments could lead to a sharp breakout in either direction.
will be dictated by the outcome of the Federal Open Markets Committee on May 4.
In comparison, the worst fall was in 2021 when Bitcoin plunged by more than 35%. Considering the increased volatility since 2017, traders should be ready for a possible roller-coaster ride. Above the 20-day EMA, the BTC/USDT pair could rally to the 50-day simple moving average . A break and close above this level could clear the path for a rally to the 200-day SMA .
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