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Daily Market Update Oct 27:Bitcoin Holds 50W MA Ahead of the Fed While Altcoins Move in Different Directions
Bitcoin has closed yet another weekly candle above its 50 week moving average, a level many traders use to judge whether a trend is still healthy. Even so, the $80,000 zone could come under pressure as the market waits on the US Federal Reserve. The Federal Open Market Committee will announce its next move on …
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About the author
8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.
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