As the Federal Reserve's meeting approaches, Bitcoin is once again the focus of attention. With potential rate cuts and technical hurdles, the market shows signs of anticipation.
Impact of Fed decisions on Bitcoin
On Wednesday, September 17, the Fed will hold an important meeting, with expectations of a first rate cut of 0.25%. Many experts even consider the possibility of a 0.5% cut. This situation could affect market liquidity—if viewed positively, BTC may surge, while a negative reaction could trigger a sharp correction.
Technical threshold at $117,000
Against this backdrop, the crypto market is observing a critical technical threshold at $117,000. Bitcoin has failed to break this barrier for several days, confirmed by sell accumulations in order books. Many traders believe that surpassing this level could serve as a catalyst for either growth or decline.
Institutional investments and Bitcoin ETF
Last week showed impressive results for Bitcoin ETFs with net inflows of $2.3 billion, indicating substantial interest from institutional investors. The Bitcoin scarcity index on Binance jumped, suggesting possible active acquisitions of BTC amid limited supply.
The situation in the Bitcoin market stands at a crossroads, with conflicting signals that may either stimulate growth or trigger decline. Investors are closely monitoring developments, particularly in light of rate decisions and technical levels.
