Despite loads of volatility, Bitcoin is still trading above $20,000. Bitcoin recently had its highest weekly close since the middle of September. The buyers in the market are keen to bring a reversal. Still, there are warning signs in the market present.
Any new but significant events can change the direction of the current price action. One such event will be the FED’s decision on interest rate hikes. Scheduled in the first week of November, this key event can shape the price of Bitcoin.
There are chances of bitcoin facing another jolt of volatility due to the month-end times. Yet, this month has been one of the most stable. Let’s review some factors that might impact BTC/USD in the upcoming trading sessions.