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

While BTC price started the day in favor of bulls, investors anxiously awaited the U.S. Federal Reserve decision on interest rates, along with Fed chair Jerome Powell’s remarks. The subsequent 50 basis point hike and Powell’s explanation of why the Fed would stay the course gave investors good reason to doubt that BTC price will hold its current gains leading into the $370 million options expiry on Dec. 16.

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Source: Cryptocurrency - investing.com

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