BTC USD prepares for the Fed: What does monthly retail sales mean for FOMC?
Source: CoinWorld
Time: 2025-09-16 19:23:41
Bitcoin trading at $115,046, down 0.2% in 24 hours, and the market expects the Fed to cut interest rates by 25 basis points at a 96%. Analysts say Powell's dovish remarks could push Bitcoin to exceed $120,000, and if it fails to break $116,000, it could test the $107,500 support level. Last week, spot Bitcoin ETFs flowed in $2.3 billion, indicating that institutional investors were optimistic ahead of the Fed’s resolution.