Bitcoin Feb. 1 daily chart alert – Bulls maintaining their advantage

Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.

(Kitco News)Bitcoin-U.S. dollar prices are just slightly lower in quieter trading early U.S. trading Wednesday, as traders await the FOMC results in the afternoon. The BC bulls still have the firm overall near-term technical advantage as a price uptrend is in place on the daily bar chart. The path of least resistance for prices in the near term remains sideways to higher. Stay tuned!

Bitcoin bulls battle bears for control at $23k as investors await the Fed’s verdict on interest rates

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.