Bitcoin (BTC) is expected to hover between 100,000 USD and 110,000 USD until the next Federal Open Market Committee meeting. Analysts believe that if the Federal Reserve indicates quantitative easing, it may provide the necessary spark for Bitcoin’s next rally.
Despite reaching 100,000 USD, capital inflows into Bitcoin have decreased, reflecting weaker bullish momentum. Data suggests that net realized profit-taking fell significantly, indicating a resetting of the balance between supply and demand in the Bitcoin market.
Leave a Reply