Bitcoin retraces intraday gains as bears aim to pin BTC price under $18K By Cointelegraph

On Dec. 14, (BTC) broke above $18,000 for the primary time in 34 days, marking a 16.5% achieve from the $15,500 low on Nov. 21. The transfer adopted a 3% achieve within the S&P 500 futures in three days, which reclaimed the essential 4,000 factors help.

Whereas BTC value began the day in favor of bulls, traders anxiously awaited the U.S. Federal Reserve choice on rates of interest, together with Fed chair Jerome Powell’s remarks. The next 50 foundation level hike and Powell’s clarification of why the Fed would keep the course gave traders good cause to doubt that BTC value will maintain its present good points main into the $370 million choices expiry on Dec. 16.