🔥 Bitcoin drops 2.6% and stabilizes at $115K after declining interest rate expectations
Current price and technical structure
Current price: $115,239 (down 2.62% from the previous close)
Intraday range: $114,742 – $118,519
Bitcoin has shown a clear technical correction since its recent peak near $124K, influenced by a cooling in the expectation of rate cuts by the Fed.
Key factors
A widespread correction in crypto occurred after wholesale price data reduced expectations for an immediate rate cut. Additionally, statements from Treasury Secretary Scott Bessent about not expanding reserves in BTC also put downward pressure.
Reuters also reported how the rally is primarily driven by strong institutional flows and favorable regulatory frameworks (“Genius Act”, “Clarity Act”), highlighting its progress towards more institutional adoption.
Key technical level of the day
Support: $114,700 – $115,000
Resistance: $118,500 – $120,000
The current price support will determine if BTC can regain technical momentum or if it enters a more prolonged consolidation phase.
Institutional outlook / macro view
Although there is a correction in the short term, the institutional narrative remains intact: analyses from banks like Deutsche Bank emphasize that this rally responds more to genuine inflows than speculation. Additionally, regulatory frameworks and pressure from large institutional capital support a positive long-term outlook.
Do you see this correction as an entry opportunity in BTC or are you waiting for more technical signals before entering? Comment below ⬇
Follow our channels for minute-by-minute analysis and key alerts: