Current market bias for BTC to USD appears bearish, as Bitcoin recently traded at $90,560, 6.0% below its three-month average of $96,377.
Key drivers include a potentially weakening USD due to the Federal Reserve indicating further interest rate cuts in 2026, and uncertainty surrounding Bitcoin as it briefly dipped below $85,000 influenced by market profit-taking. Additionally, the ongoing discussions around regulations in the UK could introduce more volatility, impacting both Bitcoin sentiment and USD performance.
Expect the near-term trading range for BTC to remain volatile, with significant price fluctuations expected within the current levels. Upside risks include further institutional adoption of Bitcoin, such as JPMorgan's potential crypto services for clients, which could drive demand. Conversely, a downside risk is the broader economic implications of a weakening USD and potential regulatory pressures, which could dampen investor confidence in the cryptocurrency space.
