Bitcoin Dominance: 5 Things to Keep in Mind About Bitcoin This Week
Annual opening support in the spotlight ahead of a key economic policy decision from the United States.
BTC price action attempts to hold the annual opening as support after some drops in the weekly close, but bullish prospects remain intact.
The U.S. Federal Reserve's interest rate decision is the key macro event of the week; Chairman Jerome Powell says it is something that "will move the markets."
Unemployment claims and Coinbase earnings add to a mixed bag of potential volatility triggers as recession rumors grow stronger.
Bitcoin's dominance reaches 65% for the first time in over four years, but analysts believe its days are numbered.
The Bitcoin "FOMO" continues to wait as sentiment turns positive.
Bitcoin traders remain bullish
Bitcoin saw some selling pressure at the weekly close on May 4, hitting lows of $93,350 on Bitstamp before recovering, according to data from Cointelegraph Markets Pr and TradingView.
