đ $BTC Eyes $100K, But Bears Still Watching
Bitcoin is holding steady around $93,000, and most traders think it could be headed for $100,000. But it's not all rainbows yetâthere is still some selling pressure and a lot of uncertainty in the big picture of the economy.
đ Trend Getting Stronger
One key indicator (called the DMI) shows that Bitcoinâs trend is picking up strength. Thatâs a good sign for the bulls. But at the same time, Bitcoin is still stuck under the Ichimoku Cloudâa tool that often shows whether a trend is strong or weak. Right now, itâs saying weâre not out of the woods yet.
đ FOMC Meeting Could Be Huge
All eyes are now on the upcoming FOMC meeting (thatâs when the U.S. Federal Reserve talks about interest rates). What Jerome Powell says could have a big impact. If he sounds more relaxed about inflation, Bitcoin could take off. If not, we might see a pullback.
đ°ETF Activity Picking Up
Spot Bitcoin ETFs are getting more action too. Thereâs been a spike in interest over the last few days, which might be a sign that big investors are getting ready for a move.
đ Bulls vs. Bears
Some traders are confident Bitcoinâs going to blast past $100K. Others are warning we could see a dip firstâmaybe a quick drop before a big jump. Both sides are watching closely.
âWhat Now?
Can Powell's speech be the trigger that sends Bitcoin flying? Or will we get one more shakeout before the real rally begins?
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