As of now, Bitcoin is trading just below 120,000 USD, with bullish signs shown by high spot volume and Open Interest in futures. Despite price rejections, recent data suggests BTC may reclaim its upward momentum, challenging earlier highs.
The upcoming Fed meeting is a focal point for investors. With interest rates steady at 4.25% – 4.50%, any shifts in policy could affect market sentiment towards BTC, particularly concerning inflation and trade tariffs.
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