Bitcoin Holds Ground Amid Fed Turmoil — But Bulls Stay Cautious 🟡
Bitcoin briefly spiked above $92K after reports of a DOJ investigation into Fed Chair Jerome Powell, but the move lacked follow-through. Despite political uncertainty, traders remain skeptical as BTC ETFs saw $1.38B in outflows and futures data shows muted bullish leverage.
Even major corporate buying—like Strategy’s $1.25B BTC purchase—has failed to push BTC above the key $94K resistance. With no clear dollar crisis, a firm DXY, and delayed rate-cut expectations, Bitcoin’s “safe-haven” narrative is still under pressure.
For now, BTC is showing resilience—but not enough conviction to fuel a breakout toward $105K.
#BTC #CryptoNews #BTCPrice#ETFs #Fed #DigitalGold
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