Bitcoin Eyes $28k With A One-day Breakout

Bitcoin Eyes $28k With A One-day Breakout

Bitcoin eyes $28,000 after a major breakout from the 1D 50 EMA resistance with a good volume. The Crypto market looks bullish on the low timeframe as major cryptocurrencies and altcoins gain relief bounces.

Market Dumps Ahead Of FOMC Meeting 

The major buzz around the financial market over the past few days was focused on the FOMC. This has led to major cryptocurrencies dropping from key supports and resistance, with the likes of Bitcoin trading at around $20,700 and Ethereum going down to $1,376.

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Related Reading: Bitcoin Slips To 1-Week Low Ahead Of Fed Hike Rate Decision

Before the FOMC meeting, rumors of a hike in rate led to the crypto market bouncing, with BTC rising to $22,000.

On Wednesday, the Federal Open Market Committee

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