Bitcoin’s $110, Standoff: A Battle Between the Fed and Profit-Takers
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The stage seems set for a Bitcoin breakout. The US economy is showing signs of cooling, and the Federal Reserve is almost certain to cut interest rates next week. Yet, the price is locked in a tense stalemate around $110,000. Why? It appears the classic “buy the rumor, sell the news” play is in full effect.
Analysts like Rachael Lucas of BTC Markets explain that while the macro outlook is friendly, traders are already positioned for it.
Now, with the event looming, institutional desks are cashing out, creating a powerful counterforce that is pinning Bitcoin in a tight range, waiting for the next major catalyst.
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