Bitcoin’s robust October breakout from the $27,000 space has been stalled within the $34,000-$35,000 space for the previous week, maybe awaiting contemporary gas. Whereas any dovish sign from the Fed might present a push out of that vary, few expect it. “We nonetheless see one other U.S. price improve as unlikely within the present cycle,” Matthew Ryan, head of market technique at Ebury, instructed CNBC. “As a compromise, we expect that the Fed will stress that price cuts will not be on the playing cards anytime quickly, with easing to start no earlier than the second half of 2024.”
