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<div class="text-justify"> Hello dear readers, especially to the members of the community that make life in @LeoFinance, in this opportunity and in front of the price collapse experienced by the entire cryptocurrency market I wanted to share these lines around the following question; What can we expect from the Bitcoin price action in the short term?</div>
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<div class="text-justify">It is assumed that the behavior in the price action that we saw in recent days in Bitcoin was a temporary rise, which evidently later developed a correction in the short, as it is waiting for the pronouncements to be given by the FED, and there is no doubt that when this happens as it has usually happened in previous announcements, the price of Bitcoin can react downward, this because of the high correlation with traditional markets.</div>
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<div class="text-justify">From my perspective, the Bitcoin price action prior to the FED announcements has been executing a sideways movement between $18,000 and $20,000, so, upon the announcement we can go down again, now, if after the FED announcements we have a behavior above $22,000, only then we could evaluate a potential resumption of uptrend.</div>
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<div class="text-justify">One element to note, is that last week Bitcoin's price action received a positive boost from users who used it as a haven of value in the face of rising inflation in recent months in the United States, which has affected most traditional markets.</div>
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<div class="text-justify">In this sense, correlating what happened with the positive push that Bitcoin developed in the price action and the current bearish scenario has generated a volatility that hits the cryptocurrency market, so, a tip for friends who wish to execute buy / sell orders that they should first inform themselves before investing this with the aim of going protected against any unexpected situation..</div>
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<div class="text-justify"><h4>SOURCES CONSULTED</h4></div>
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<div class="text-justify"><strong> CointeleGraph. </strong> Long the Bitcoin bottom, or watch and wait? Bitcoin traders plan their next move. <a href="https://cointelegraph.com/news/long-the-bitcoin-bottom-or-watch-and-wait-bitcoin-traders-plan-their-next-move" rel="noopener" title="This link will take you away from steemit.com"> Link</a></div>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify">The cover image was designed by the author: @lupafilotaxia, incorporating image: <a href="https://www.quepasa.com.ve/economia/el-bitcoin-sigue-en-caida-libre-y-genera-preocupacion/" rel="noopener" title="This link will take you away from steemit.com"> Quepasa </a></div>
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