BTCUSD

Bitcoin is trading around the pivot level of 112742.52. The FOMC minutes released yesterday revealed that Fed members are divided on the issue of interest rate cuts in 2025, with some members believing that there may not be any rate cuts at all. The delay in rate cuts could reduce interest in risky assets. The increasing interest of institutional investors in crypto assets and ETF inflows continue to support Bitcoin. Since there are no significant data points on the economic calendar today, the focus will be on technical levels. Above the resistance of 115057.83, levels of 116067.05 and 117729.31 can be targeted. In downward movements, support levels of 111733.30 and 109417.99 will be monitored.