Bitcoin's market situation is characterized by range-bound trading around the $90,000 to $92,000 level, with price action being highly sensitive to macro-economic developments, especially the US Federal Reserve's stance on interest rates. Despite a recent slip from the $94,000 area following cautious remarks from the Fed, the overall market sentiment remains cautiously optimistic, supported by signs of renewed institutional demand, a tightening supply from coins moving off exchanges, and a key technical support level around $90,000. A decisive breakout above $94,140 is the technical hurdle required to target the psychological $100,000 mark.#GateNovTransparencyReportReleased #FedRateCutComing #BitcoinActivityPicksUp $BTC $XRP
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SiamSarkar
· 16h ago
Bitcoin's market situation is characterized by range-bound trading around the $90,000 to $92,000 level, with price action being highly sensitive to macro-economic
Bitcoin's market situation is characterized by range-bound trading around the $90,000 to $92,000 level, with price action being highly sensitive to macro-economic developments, especially the US Federal Reserve's stance on interest rates. Despite a recent slip from the $94,000 area following cautious remarks from the Fed, the overall market sentiment remains cautiously optimistic, supported by signs of renewed institutional demand, a tightening supply from coins moving off exchanges, and a key technical support level around $90,000. A decisive breakout above $94,140 is the technical hurdle required to target the psychological $100,000 mark.#GateNovTransparencyReportReleased #FedRateCutComing #BitcoinActivityPicksUp $BTC $XRP