Bitcoin Holds Steady at $118,000 Amid Fed Rate Cut Speculation

Bitcoin is trading at $118,000, 4% below its all-time high of $123,000. The cryptocurrency market shows no strong bullish or bearish trends.

Bitcoin Heat Macro Phase is at 44%, indicating a neutral market sentiment.
Profit-taking is increasing, but a major sell-off has not occurred.
The Crypto Fear & Greed index is in the "greed" region.
Recent market overheating was milder compared to corrections in 2024.
A shorter and less severe correction is anticipated, with a potential upside later this year.
Price prediction for Bitcoin in Q4 2025 is $250,000 according to Arthur Hayes.

Fed Rate Cut Speculation

The US Federal Reserve's policy announcement is expected today. Key points include:

97.9% probability of no rate change.
Markets are focused on Jerome Powell’s statements regarding potential September cuts.
Some Fed Governors may vote against rate cuts despite previous support.
Political pressure for significant rate reductions is growing.

The crypto market remains cautious until further clarity from the Fed.