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These Factors May Highly Impact the Bitcoin(BTC) Price this July!

The post These Factors May Highly Impact the Bitcoin(BTC) Price this July! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin price is playing around $20,000 levels, refusing to drop below $19,000 nor able to surge beyond $21,000 either. The star crypto appears to be highly influenced by the external factors which are currently compelling the price to swing within range-bound levels. While BTC price appears to be under tremendous pressure on either side, a strong breakout could be fast approaching. 



What is influencing the BTC price to trade sideways? Will the asset find some relief ahead?



In the recent past, the BTC price was impacted by FED raising the rates. The crypto space recorded minor jumps which eventually drained later. The FOMC with a fresh move is scheduled for another meeting in the last week of July on the 27th, while the minutes of the meeting are expected to be rolled out shortly. 




A small overview of events that can influence the price of #Bitcoin in July. List of important events: – FOMC Meeting Minutes (6th) – Unemployment Rate (8th) – CPI / PPI numbers (13th / 14th) And most importantly: – FOMC (27th) pic.twitter.com/8ciieWHWl3 — JJ

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