Bitcoin Price Watch; FOMC Rate Decision Stalls Price

First of all we apologise as our Bitcoin analyst Samuel Rae won’t be able to publish his daily analysis up until Friday. So for the time being, I, Yashu Gola, will be replacing him to keep up the flow, and match his skills to provide you the most up-to-dated intraday trading reports.
And we do have quite a time to discuss the recent Bitcoin price action – flat and boring as one would say. Despite the last week’s impressive volatility, our dear digital currency is now standing in the midst of a bias conflict, giving us no attractive positions to get in and out of the market.
We had to pull our head out of the Bitcoin space to better understand the fundamentals behind Bitcoin’s flat action. And as we looked, we found that commodities like Crude Oil and Gold are also suffering from the same direction paralysis. The muted activities across these market are meanwhile blamed on tomorrow’s FOMC monetary policy announcement from the Federal Reserve.

This post was published at NewsBTC on 3:11 pm September 20, 201.