Bitcoin (BTC) preserved its active trading range into the Feb. 1 Wall Street open as markets looked to the day’s key macroeconomic data.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$23,500 becomes the level to beat for Bitcoin bulls
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in a narrow corridor around $23,000.
An upcoming interest rate hike and commentary from the United States Federal Reserve preoccupied traders across risk assets, potentially sparking fresh volatility in line with previous months.
Fed Chair Jerome Powell was due to speak at 2:30 pm Eastern Time on the day.
On the Binance order book, resistance shifted higher on the day, broadening price targets in the event of a catalyst moving the market.
