1. Waiting for the Fed's decision on rates.
Many investors are being cautious due to possible signals of tightening monetary policy (or not as large a rate cut as they would like).
2. Profit taking
After rising to new levels, some market participants take profits, selling, which creates downward pressure.
3. Overall state of the risky assets market
If stocks/the technology sector show weakness, or uncertainty arises in the global economy — this could pull the crypto market down. Investors are reducing exposures.
4. Resistance of important levels and lack of strong upward momentum
The price has approached levels where breakthroughs (resistance) were expected, but has not yet been able to hold above.
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🔮 What could happen by the end of the month
Here are two scenarios — the more likely and the more cautious one.
Scenario: What could happen?
1.Optimistic:
$BTC may consolidate in the current range, gain strength, and attempt to break through the resistance level (≈ $120,000-$125,000). Support around $110,000-115,000 may hold if the background macroeconomics does not worsen.
2.Pessimistic/moderately negative
A downward bounce is possible, especially if bad news comes in regarding macro statistics (inflation, rates, geopolitics). In this case, $BTC may test support at $110,000 or slightly below. Volatility may increase.
