📉 #Bitcoin (#BTC ) Recently Experienced A Notable Pullback after Hitting Resistance near the $115 K – $116 K range. Market sentiment shifted sharply when Jerome Powell, Chair of the Federal Reserve ♻️ Asserted that a December Interest-rate cut is “not a foregone conclusion”. This Hawkish tone Triggered a Broad Crypto sell-off, with @Bitcoin.com Dipping Below $108 K and Dropping Roughly 3-4% in Response.
🔍 From a Technical Perspective, Analysts Suggest this Correction may not be a sign of Weakness but Rather a Healthy Reset phase. One Update from BeLaunch Observed that Bitcoin is Retracing Toward the $108 K-$110 K Support zone—an area that Could Pave the Way for the next Upward leg Toward $125 K.
💼 On the Institutional Front, Crypto-treasury Activity Remains Strong. For Example, Hyperscale Data (NYSE: GPUS) Reported Holding Approximately 194.55 #BTC☀️ Valuing its Treasury at Around $68.8 Million, Equal to nearly half its Current market cap. The firm also Allocated an Additional $46.5 Million Cash for further Bitcoin Accumulation.
📊 From a Macro view,#BTC🔥🔥🔥🔥🔥 Appears to be Consolidating amid Mixed signals. While Optimism around ETFs and Digital-asset flows Remains, the broader market is Adopting a cautious stance ahead of Upcoming Regulatory and Monetary-policy Developments.
🔮 Bottom Line: #bitcoin Pullback may be Temporary and part of a larger bullish structure—if Support Holds Near $108 K-$110 K, the path to $125 K remains possible. However, Macro risks (e.g., Fed policy, Regulation) are ready to Challenges Momentum. Traders and Investors Should brace for Volatility while keeping an eye on key Support levels and Institutional Flows..