BTC: Momentum faces Fed testBitcoin / U.S. dollarBITSTAMP:BTCUSDXBTFXFor the second week in a row investors are slowly eyeing high risk assets. As peace talks related to the US - Iran conflict are providing some hope that the Strait of Hormuz will be open and relieve inflation fears, investors are slowly eyeing crypto market investments. Equities continue to gain strong momentum, while BTC also managed to make at least some progress toward the next target of $80K. The highest weekly level was $79,3K, after which BTC modestly pulled back. On a positive side is that BTC is still strongly holding above the $70K. The RSI continues to hold higher grounds, above the level of 60, however, a clear overbought market side has not been reached. The MA50 continues to converge toward the MA200, but due to distance between lines, the potential cross is still not expected. The Fed will decide on interest rates on Wednesday. This is going to be a day when market nervousness is significantly increased. So some swift moves might be possible toward either side, depending on Fed's rhetoric and view on the economic output. Charts are showing a potential of a short BTC retreat. This could be till the level of $75K, maybe $73K, but not lower. On the opposite side, the resistance at $80K is pending a clear testing, which has not been done during the previous week.