As of now, BTC is priced at 107,315 USD, reflecting downward pressure from waning investor confidence and a cautious market mood ahead of the Federal Reserve’s upcoming meeting. Recent predictions indicate fewer expected rate cuts, leading to a subdued trading environment.
Despite struggles, analysis from The Kobeissi Letter suggests looming unemployment spikes might accelerate needed rate cuts by the Fed. However, without significant volatility triggers, BTC/USD faces challenges in regaining upper price ranges.
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