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Is Bitcoin Poised to Explode Higher?
Bitcoin is on watch today as traders await the Fed’s September rates decision later today. Weakness in USD ahead of the meeting reflects the broad expectation that the Fed will cut rates today while signalling the likelihood of further easing over the coming months. If the Fed delivers on dovish expectations and we see a fresh sell off in USD, this could provide the catalyst for a breakout move in BTC and the next bull phase. Indeed, ETF inflows have seen a strong run of consecutive daily inflows over the last two weeks, reflecting a bullish bias among institutional investors while retail traders have been exiting ... (full story)