{"id":20191,"date":"2023-07-23T18:37:33","date_gmt":"2023-07-23T18:37:33","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoins-dull-price-action-ignites-buying-interest-in-link-fil-snx-and-theta\/"},"modified":"2023-07-23T18:37:35","modified_gmt":"2023-07-23T18:37:35","slug":"bitcoins-dull-price-action-ignites-buying-interest-in-link-fil-snx-and-theta","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoins-dull-price-action-ignites-buying-interest-in-link-fil-snx-and-theta\/","title":{"rendered":"Bitcoin\u2019s dull price action ignites buying interest in LINK, FIL, SNX and THETA"},"content":{"rendered":"
Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range.<\/p>\n
On the macroeconomic front, the Federal Reserve\u2019s meeting on July 25 and 26 is an important event to keep an eye on. The FedWatch Tool shows a 99.2% probability of a 25 basis point rate hike in the meeting. If that happens, the markets may not witness a knee-jerk reaction as the hike seems to have been priced in. However, any surprise move by the Fed could thrust the price out of the range.<\/p>\n