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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin Stalls Near $116,000 (Again): What Is Going On?

Bitcoin US Federal Reserve
Bitcoin,Price,Falling,Down,Concept,,Digital,Cryptocurrency,On,Red,Bar

Bitcoin (CRYPTO: BTC) is cooling near $116,000 after its post-FOMC rally, with traders closely watching liquidity levels to gauge the next move.

What Happened: Prominent analyst Kevin noted on Patreon that Bitcoin is attempting to form a cup-and-handle on the 4-hour chart, but momentum stalled near $118,000—just below the key 0.786 Fibonacci level at $118,300.

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