Bitcoin price dips, caused by Fed interest rate concerns

By X-blogger - on January 9, 2025

Bitcoin’s recent correction was likely triggered by concerns regarding the US Federal Reserve’s tightening monetary policy, which may emerge as the main factor influencing Bitcoin’s price action in 2025. Bitcoin’s price temporarily breached the $100,000 psychological mark on January 7 before staging a heavy correction.

The Bitcoin-Dollar pair dove 5.4% in the last session. The MACD is giving a positive signal.
Support: 88596 | Resistance: 107136

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