Blog

Bitcoin sticks to $ 115,000 while gold sets a fresh record high


Basic Points:

  • Bitcoin is trying to liquid the longs at Wall Street Open with $ 115,000 focused.

  • The markets are fast flowing at Wednesday’s Federal Reserve meeting.

  • Gold hits fresh all-time highs over $ 3,700 before correct.

Bitcoin (Btc) Wobbled on Wall Street of Tuesday open as analysis of potential prevention.

BTC/USD one minute chart. Source: Cointelegraph/TradingView

Bitcoin leverage spikes with long at risk

Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD that did not fail as the US trading session began.

Gyrated price between $ 114,800 and $ 115,300 while surrounded by liquidity blocks in order exchange books, both up and down.

“There is a huge cluster of long prevention at the bottom of the current price, particularly around the level of 114724. Latest commentary In X.

BTC order-book order levels. Source: ThekingFisher/x

An accompanying chart showed associated “pain” levels for traders above and below the price of the area.

“This chart does not predict the future, but it tells you where the disease is. And where the disease is, price movements are often observed,” Thekingfisher added, noting the high level of action active in the market.

The day before, famous businessman Skew recognized the same volatility of low-timeframe, which reeryed what he indicated was the behavior of the manipulative price.

“The market remains top heavy with constant supply and offloading price,” he summarized him Latest Market Scope.

Skew said entrepreneurs flew to the main Macroeconomic Event of the Week: The US Federal Reserve’s Interest rate decision. The Federal Open Market Committee (FOMC) is expected to cut rates for the first time in 2025 by 0.25%.

“It’s a bit of a great decision of positioning going to the FOMC, not surprisingly even if the short positioning is beginning to choose as the agreed trade that enters the FOMC,” he concluded.

BTC price action to copy gold

Pre-FOMC nerves are evident throughout the risk properties.

Related: Bitcoin ‘Sharks’ will add 65k BTC a week to key demand rebound

US stocks are moderate to tomorrow, while gold has seen noticeable volatility and a fresh full time of $ 3,703.

Number Cointelegraph reportedThe analysis argues that both Bitcoin and gold are “pricing in” future US economy conditions.

“Gold is leading the way. Bitcoin follows,” Jelle’s famous businessman Sumang -ayon In part of a reaction of X, determines the tendency for BTC price action to follow gold with a several months delay.

Gold has remained stable in the lead-to-date performance, up to 40% since the beginning of the year against 23% of Bitcoin.

BTC/USD compared to the XAU/USD chart. Source: Jelle/x

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.