Bitcoin Direction Determination Limited by Federal Reserve Impact

Bitcoin Price Uncertainty Continues

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

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, the ETF flows continue to disappoint, falling short of investors' expectations. This situation signals a search for a new direction for Bitcoin.