BREAKING👇
$BTC potentially drops close to $118,000 (though this seems unlikely given currently price and imply towards $113,642 based on other analyses)__
Bitcoin climbed to around $118,000 earlier this week after the Federal Open Market Committee Meeting announcement a 25 basis point interest rate cut.
Fueling risk-on sentiment among investors.However, the recent rate cut did not spark a sustained rally as traders weighed what comes next.