#Bitcoin on Pause – Will the Fed Decision Ignite the Next Big Move? 🔥
Bitcoin ($BTC ) has been stuck in a tight range between $116,000 and $120,000 for nearly two weeks. Despite the sideways action, institutional confidence remains strong — MicroStrategy just scooped up 21,021 BTC, and U.S. spot Bitcoin ETFs have seen 4 straight days of net inflows, totaling nearly $80M.
🔹 Key Catalysts Ahead:
Fed rate decision expected Wednesday — markets anticipate a hold, but Powell’s forward guidance could shake things up.
White House to release its first virtual asset policy report, a potential game-changer for digital assets.
The SEC greenlights in-kind creation/redemption for BTC & ETH ETPs — shifting away from cash-only structures.
🔹 Price Outlook:
Holding support at $116K, resistance at $120K
Break below may lead to a test of the 50-day EMA around $112,736
Breakout above $120K could fuel a run back to the $123,218 ATH
Momentum is building — all eyes on Wednesday’s macro catalysts.
