Bitcoin Holds Stable While Crypto Markets Enter a Cooling Phase
Main Idea
Bitcoin has stabilized around $118,000, with market indicators suggesting a balance between bulls and bears, while anticipation builds around the Federal Reserve's interest rate decision.
Key Points
1. Bitcoin recently stabilized around $118,000, slightly below its peak of $123,000 on July 14.
2. The Bitcoin Heat Macro Index is at 44%, indicating a balance between bulls and bears, with no decisive profit-taking leading to large exits.
3. The Crypto Fear and Greed Index remains in 'greed' territory, showing that risk appetite hasn't fully diminished.
4. The FOMC concludes its two-day meeting, with futures markets indicating a 97.9% expectation for maintaining the current policy rate.
5. Market commentator Crypto Dan anticipates a brief consolidation phase, aligning with predictions of Bitcoin rising to $250,000 by late 2025.
Description
Bitcoin steadies around $118,000, signaling a cooling market phase. CryptoQuant data suggest limited large-scale profit-taking, with cautious investor behavior. Continue Reading: Bitcoin Holds Stable While Crypto Markets Enter a Cooling Phase The post Bitcoin Holds Stable While Crypto Markets Enter a Cooling Phase appeared first on COINTURK NEWS .
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