Bitcoin remains below $116,000 ahead of the Federal Reserve's inflation report, with traders eyeing potential volatility following macroeconomic developments.
Bitcoin continues to hover below $116,000, with traders focused on resistance around $117,200 and support near $114,000. Market expectations are high for upcoming macroeconomic data, including the Personal Consumption Expenditures (PCE) index, which could trigger volatility. Analysts note that Bitcoin's price has remained relatively stable amid limited weekend movements, but upcoming U.S. economic data could provide new market catalysts. The Federal Reserve's interest-rate policy remains a key factor in future price movements.