Bitcoin Direction Determined Limited by Federal Reserve Influence

Uncertainty Continues in Bitcoin Price Direction

The Federal Reserve’s recent interest rate cut has not resulted in any significant changes in Bitcoin's price. The cryptocurrency is currently exhibiting a directionless trend.

Mixed Signals in Technical Indicators

Bitcoin's MACD histogram indicates potential bullish momentum, while the dollar index shows a downward trend. This situation creates a complex picture that investors need to monitor closely.

ETF Flows Disappoint

Additionally, ETF flows continue to disappoint and fall short of investor expectations. This situation signals a new search for direction for Bitcoin.