BTC Price Reaches $117K Ahead of Expected Fed Cuts
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Bitcoin rose above $117,000 as investors braced for Jerome Powell’s post-FOMC speech that could see volatile swings toward key BTC price levels.
Fed interest-rate cut odds for today are now 100%.
BTC price may rise to all-time highs if key resistance level at $118,000 is broken.
Bitcoin rose to a four-week high above $117,000 on Wednesday, as traders expect price swings before and after the US policy decision on interest rate cuts.
100% chance of interest rate cuts
There is a 96% chance of a 25 bps cut at the Wednesday FOMC meeting, with a 4% probability of the rates being reduced by 50 bps
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