$BTC Weekly Forecast: Fed Delivers, Yet Fails to Impress BTC Traders
Bitcoin (BTC) continues to trade within the recent consolidation phase, hovering around $90,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.
BTC price action approaches a key descending trendline that could determine its next directional move. Meanwhile, institutional flows into Spot Bitcoin $EFT showed mild inflows, and Strategy added more BTC to its treasury reserve.
Fed’s Policy Tone Triggers Consolidation in Bitcoin
Bitcoin price started the week on a positive note, extending its weekend recovery during the first half of the week and holding above $92,600 on Tuesday.
However, momentum softened on Wednesday, with BTC closing at $92,015 after the Federal Open Market Committee (FOMC) meeting.
In a widely expected move, the Fed lowered interest rates by 25 basis points. But the FOMC meeting signaled a likely pause in January.
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