Reported about 1 month ago
Bitcoin is navigating a bullish macro landscape with increasing institutional investments, but its price remains flat amid broader market trends. Analysts warn that if the S&P 500 fails to maintain its bullish momentum, Bitcoin could experience a significant downturn. The upcoming Federal Open Market Committee meeting may influence market direction, creating potential volatility for traders. As retail investor participation dwindles, savvy institutions could manipulate the market dynamics, trapping traders in both bullish and bearish positions. Investors should monitor key support levels, particularly at $50k and $42k, as the future remains uncertain.
Source: YAHOO