{"id":1996,"date":"2024-06-11T10:02:30","date_gmt":"2024-06-11T10:02:30","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/11\/bitcoins-price-falls-to-66k-before-fomc-decision-bullish-analyst-draws-parallels-to-past-trends\/"},"modified":"2024-06-11T10:02:30","modified_gmt":"2024-06-11T10:02:30","slug":"bitcoins-price-falls-to-66k-before-fomc-decision-bullish-analyst-draws-parallels-to-past-trends","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/11\/bitcoins-price-falls-to-66k-before-fomc-decision-bullish-analyst-draws-parallels-to-past-trends\/","title":{"rendered":"Bitcoin&#8217;s Price Falls to $66k Before FOMC Decision; Bullish Analyst Draws Parallels to Past Trends"},"content":{"rendered":"<p>The price of BTC dropped to $66,018 on Coinbase, erasing gains made when it reached a high of $71,974 last Friday. At the time of writing, the flagship cryptocurrency had decreased by 6% over the week. This decline came after spot Bitcoin ETFs experienced outflows of about $65 million, ending a 19-day streak of net inflows on Monday.<\/p>\n<p>Additionally, on Tuesday, a Bitcoin wallet that had been dormant for over 5 years suddenly became active and transferred 8,000 BTC, valued at over $535 million, to multiple addresses, including Binance. At that time, the price of Bitcoin was $3,810. There is a cautious sentiment in the market ahead of the Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) meetings tomorrow.<\/p>\n<p>An observation was made about a potential bullish inverse head and shoulders pattern forming in the Bitcoin price chart, with the anticipation that the FOMC meeting could correspond to a dip followed by a bullish reversal, as was seen in the last three such meetings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of BTC dropped to $66,018 on Coinbase, erasing gains made when it reached a high of $71,974 last Friday. At the time of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[229],"tags":[],"class_list":["post-1996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-markets"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=1996"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/1996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/1995"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=1996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=1996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=1996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}