"Bitcoin's Direction is Limited by the Federal Reserve's Influence"

Bitcoin Price Directional Uncertainty Continues

Federal Reserve’s recent interest rate cut has not resulted in any significant change in Bitcoin's price. The cryptocurrency is currently following 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 creates a complex picture that requires careful monitoring from investors.

ETF Flows Disappoint

Additionally, ETF flows are failing to meet investor expectations amid ongoing disappointment. This signals a search for a new direction for Bitcoin.