- It seems that some positive news from the Federal Reserve made Bitcoin jump to $11,600 within one hour.
- The move didn’t last for longer than a few minutes and Bitcoin is down again at almost its initial price.
BTC/USD 15-minute chart
We can clearly see the first three green candlesticks moving Bitcoin towards $11,600 and the next three giving all the gains back and even droppìng lower. The overall sentiment of Bitcoin continues being positive despite the recent downtrend.