Is The Bottom In For The Bitcoin Price? – Bitcoin Magazine

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The following is an excerpt from a recent issue of Bitcoin Magazine Pro, The Bitcoin Magazine Premium Markets Newsletter. To be among the first to get these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Maximum Pain: Still Ahead

Pain is the word of the day. That was Federal Reserve Chair Jerome Powell’s favorite port of call at the September Federal Open Market Committee meeting. A simple economic release and the press conference that followed sent the market into a mild panic period with rising interest rates, rising volatility and stock sell-offs followed by Bitcoin. The S&P 500 Index lost a critical support level of 3850, bitcoin was sent back to local lows of $18,100 and 2-year Treasuries rose over 4.1%.

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