Bitcoin Price Analysis: Traders Eye Next Catalyst After Fed-Driven Pullback

Following a post-Federal Reserve meeting pullback, Bitcoin (BTC) and the broader cryptocurrency market are in a consolidation phase as traders actively search for the next major price catalyst. The recent dip, attributed to a "hawkish pause" from the Fed and tempered expectations for imminent rate cuts, has left the market in a state of cautious equilibrium. Analysts note that while bullish sentiment has cooled, key support levels for BTC are holding, preventing a deeper correction. Market participants are now closely monitoring macroeconomic data, institutional inflows, and regulatory developments for signals that could reignite momentum. The current trading range suggests a period of accumulation, with many viewing any further downside as a potential buying opportunity ahead of the next cycle. Altcoins, including Ethereum (ETH), are largely mirroring Bitcoin's price action, awaiting a clear directional cue from the flagship cryptocurrency.