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Bitcoin Awaits Its Next Move — AI Predicts Where the Price Could Go
Bitcoin is trading in a tightening range after a failed attempt to break above $116,000 earlier this week. Buyers faced resistance slightly above that level, and on Tuesday the coin is trying to hold above $114,000, having found support near $113,500 earlier today.
Trading activity has declined following last week’s rally, as the crypto market remains in a wait-and-see mode ahead of key events.
In particular, traders are cautious ahead of the upcoming US–China leaders’ meeting, which, according to preliminary reports, may result in a deal. If so, easing trade tensions between the two nations could boost risk appetite.
The second major event is the Federal Reserve meeting, which begins today and concludes on Wednesday. The market broadly expects the Fed to cut rates by 25 basis points, a move that is already mostly priced in — meaning investors could sell off risk assets on a “buy the rumor, sell the fact” basis.
A more dovish tone from the central bank could, however, prevent such a pullback.
From a technical perspective, according to WarrenAI, Bitcoin appears poised for a breakout, with the next move depending on whether the coin breaks above $115,662 or drops below $110,000.
See also: "Staking Solana ETFs Expected to Attract $6B in First Year in the US"
