BTCUSD

Bitcoin is at a pivot level of 110,831.73. Resistance: 114,155.97-116,068.07-117,980.16; Support: 108,645.43-106,507.57-104,595.60. The high number of unemployment claims could strengthen the perception that the Fed may implement rate cuts sooner, which could boost risk appetite and Bitcoin. Views in the FOMC minutes that the Fed may not cut rates at all in 2025 could reduce interest in risky assets. The interest of institutional investors and ETF inflows continue to support the price.