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Bitcoin Cointelegraph

Bitcoin ‘ping-pong’ price action will stick until Fed FOMC and US-China deal wrap up

Bitcoin hit resistance at $116,000; bulls might not clear the barrier until Wednesday’s Fed announcement on interest rates and this week’s resolution of the US-China trade war.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin ‘ping-pong’ price action will stick until Fed FOMC and US-China deal wrap up

Bitcoin hit resistance at $116,000; bulls might not clear the barrier until Wednesday’s Fed announcement on interest rates and this week’s resolution of the US-China trade war.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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