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Bitcoin resistance mounts pre-FOMC as Dogecoin sets 17-month BTC high

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Bitcoin (BTC) stayed motionless at the Nov. 1 Wall Street open as traders rooted for clues over possible direction. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes of a breakout remain despite BTC sell wall Data from Cointelegraph Markets Pro and TradingView showed a narrow range in place for BTC/USD overnight, the day seeing local highs of $20,681 on Bitstamp. Markets were keenly awaiting news from the United States Federal Reserve on interest rates, these scheduled for 2pm Eastern time on Nov. 2. Until then, it was a case of “wait and see,” while on-chain monitoring res ...

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