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Bitcoin (BTC) traded near $76,500 after Thursday’s Wall Street open as investors snapped up US stocks following their recent dip.
Key points:
- Bitcoin consolidated after dropping below $76,000 on the back of a 0.25% interest-rate hike by the US Federal Reserve.
- US equities rebounded, with the Nasdaq Composite Index gaining 1.5% as analysis saw upside continuation.
- Bitcoin price analysis retained its bullish slant on market conditions, with CryptoQuant’s Bull Score Index circling 60/100 on Thursday.
Bitcoin halts losses as US stocks turn green
Data from TradingView showed that BTC price volatility was cooling over the last 24 hours, with only modest moves to take nearby liquidity.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Data from CoinGlass showed both bid and ask liquidity thickening around the current spot price, a typical feature of rangebound trading conditions.
BTC/USDT liquidation heatmap (Binance). Source:…
