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Widely Followed Suite of Bitcoin On-chain Metrics Flash Bullish as BTC Price Holds Above $28,000 Post-Fed – Where Next?

A widely followed suite of on-chain and technical metrics are sending bullish signs for the Bitcoin price, with BTC/USD holding close to nine-month highs just above $28,000 as markets digest Wednesday’s US Federal Reserv...

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Widely Followed Suite of Bitcoin On-chain Metrics Flash Bullish as BTC Price Holds Above $28,000 Post-Fed – Where Next?
A widely followed suite of on-chain and technical metrics are sending bullish signs for the Bitcoin price, with BTC/USD holding close to nine-month highs just above $28,000 as markets digest Wednesday’s US Federal Reserve policy meeting.
Bitcoin initially sold off on Wednesday in a “sell the fact” reaction to the US central bank lifting interest rates by 25 bps as expected, and softening its tone on the outlook for further rate hikes amid troubles in the banking sector....
Read More: Widely Followed Suite of Bitcoin On-chain Metrics Flash Bullish as BTC Price Holds Above $28,000 Post-Fed – Where Next?

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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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