#BTC
Bitcoin dips to $92K in 'optimal dip-buying' move as PCE boosts crypto

BTC price weakness finds support at familiar levels with Bitcoin traders seeing historical patterns playing out.
BTC price retests December lows in leverage wipeout

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering past $96,000 on Bitstamp.

Still down 1.5% on the day, Bitcoin offered challenging trading conditions, but it was longs paying the price as the market revisited $92,000 lows from earlier in December.

“The cascade of support loss has indeed occurred,” popular trader and analyst Rekt Capital wrote in part of the day’s market coverage on X.
The result had a modest impact on market expectations for future Fed policy. Estimates from CME Group’s FedWatch Tool put the odds of another interest rate cut at the January meeting of the Federal Open Market Committee, or FOMC, at 10.7.% versus 8.6% the day prior.