Bitcoin’s $80K consolidation could end within days as macro events approach, ARP Digital says

ARP Digital partner Yusuf Fakhro expects Bitcoin's tightening trading range to break as investors prepare for the Federal Reserve decision, major technology earnings and US midterm elections. Bitcoin ’s prolonged consolidation around $80,000 could end within days as several major economic and political events approach, according to Yusuf Fakhro, partner at Bahrain based digital capital infrastructure platform ARP Digital. In commentary shared with Crypto Briefing, Fakhro said Bitcoin was trading near $79,800 after another week of declining prices and subdued trading activity, with broader market sentiment likely to determine its next move. The analyst pointed to the Federal Reserve’s upcoming interest rate decision, earnings from major technology companies and the US midterm elections as potential catalysts for renewed volatility.

First reported by Crypto Briefing. This page is a short excerpt; the full text is theirs.