Bitcoin update | More rate hikes in the US?

BTCUSD broke through the $10,300 handle early today, but has pulled back some after Powell's hawkish statements in front of Congress.

The new Chairman of the Fed, Jerome Powell, said that volatile markets will not affect future rate hikes which is a very hawkish statement and the USD strenghtened against most assets.

However, hopefully BTC can continue it's rally and eventually break through $11,800, that is where the major resistance lies. So I am looking either for a daily close below $10,300 for continuation down, or a daily close above $11,300 to signal an uptrend.

Happy trading!

This is not financial advise. Everybody is responsible for their own trading. I am just sharing my own analysis of the markets.