Bitcoin (BTC) price stagnates under 107,000 USD, hindered by supply overhang. Market focus awaits the US FOMC’s interest rate decision. Analysts predict that changes to the Supplementary Leverage Ratio (SLR) could increase liquidity, igniting a potential bull run.
Despite expectations for steady rates, attention shifts to Jerome Powell’s comments, which could hint at liquidity changes. Demand zones for Bitcoin are identified at 101,461 USD and 105,923 USD, suggesting increased buying might occur if prices dip within this range.
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