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Home»BITCOIN NEWS»What to know after the good news from the FOMC –
BITCOIN NEWS

What to know after the good news from the FOMC –

By Crypto FlexsSeptember 22, 20243 Mins Read
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What to know after the good news from the FOMC –
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Get the latest information on ORDI BRC-20 price trends. Bitcoin price rises as FOMC cuts rates by 50bp.

In this article, we continue to track the BRC-20 coin ORDI price prediction.





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After receiving good news from the FOMC, as I mentioned in my first article about ORDI, ORDI is a coin that is heavily influenced by the movement of the Bitcoin price.

Before reading further, review last week’s analysis!

We had a good week in the crypto market overall, with many altcoins seeing significant price increases! And there are those who like our coins. Let’s take a look at how the prices have moved.

$Ordi sexy pic.twitter.com/5guGa4j3tF

— Alex Minimal (@MinimalTrader_) September 19, 2024

How did ORDI prices develop during this week’s big FOMC news?

(ORDIUSDT)

First up is the daily chart. We can see a clear recovery and retest of the MA50, which is important because it gives us an early indication of what could be a resistance zone. The price is still on track with a target near $39, which is where the Fibonacci 0.618 correction level from the massive move in Q4 last year and the control point level of the fixed range volume profile converge.

Discover: The Best Penny Cryptos to Buy

BRC-20 Coin Price Prediction and Analysis. FOMC News Makes Us Bullish on Bitcoin and BTC Alts(ORDIUSDT)

Next, let’s look at the 12-hour time frame for the BRC-20 ORDI coin. In the previous screenshot, it was in the FRVP range, but here it has extended to today and now the PoC is down to ~$29. This level was reversed and retested again around the time of the FOMC announcement and speech this Wednesday.

What I found interesting was that when I pulled up the ORDI/USDT spot chart on Binance, the PoC level didn’t change, but the lower levels also went up and the volumes are now relatively similar.

Get the latest ORDI BRC-20 price trends - Bitcoin price rises as FOMC cuts rates by 50bp(ORDIUSDT)

On the 4-hour timeframe, we continue to receive new information on the price action. The red line is the MA200, another important indicator that ORDI has broken above. This is a bullish signal along with Bitcoin’s recent 10% gain.

The price of ORDI is up 20%. It is double that of BTC. We also see a pattern of higher lows and higher highs after the orange circled high, which is also bullish. What we want to see next is a higher high above the orange high.

Explore: How to Buy Bitcoin Anonymously – Guide for September 2024

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. You may lose all your capital.

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