Bitcoin Weekly Forecast: Fed Delivers, Yet Fails to Impress BTC Traders

Bitcoin (BTC) continues to trade within the recent consolidation phase, hovering around $90,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.   BTC price action approaches a key descending trendline that could determine its next directional move.  Meanwhile, institutional flows into Spot Bitcoin ETFs showed mild inflows, and Strategy added more BTC to its treasury reserve. Fed’s Policy Tone Triggers Consolidation in Bitcoin Bitcoin price started the week on a positive note, extending its weekend recovery during the first half of the week and holding above $92,600 on Tuesday source: https://beincrypto.com/bitcoin-weekly-price-prediction-december/