BTC Price May Hover in $100K Range Before FOMC

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Analysts believe US interest rates will not change, but Bitcoin price could benefit if the Federal Reserve mentions quantitative easing at the next FOMC.

With the dust settling around the “Trump pump” trade, Bitcoinprice has established a range between $100,000 and $110,000 since the newly elected US president was inaugurated. The crypto asset jumped 3.78% on Jan. 21, but its price action has started to consolidate over the past 24 hours. 

With BTC failing to demonstrate a clear directional headwind on the lower time frame (LTF), one analyst believed that the sideways movement might extend until the end of the month. 

Will quantitative easing fuel Bitcoin’s next rally?

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