Bitcoin stabilizes at $ 119,000 - retailers rely on 92.6% probability for the Fed's cuisine in September and possible price outbreaks towards $ 130,000

Bitcoin stabilizes at $ 119,000 - retailers rely on 92.6% probability for the Fed's cuisine in September and possible price outbreaks towards $ 130,000

Bitcoin stabilizes at 119,000 USD-traders look at the high probability of a Fed interest reduction

The Bitcoin course currently shows stabilization near $ 119,000. Analysts and traders attentively pursue developments on the market, since the likelihood of reducing interest on the US Federal Reserve (FED) in September is an impressive 92.6 %. This view of an interest rate reduction could have a significant impact on the cryptocurrency market, especially on Bitcoin.

The technical analysis indicates that Bitcoin could possibly experience an outbreak towards $ 130,000. Such an increase would not only strengthen investors' trust, but could also lead to an increased interest in cryptocurrencies. The combination of stable prices and the prospect of monetary relaxation could give positive impulses for the Bitcoin course.

Understanding these market mechanisms and the influence of monetary policy decisions on Bitcoin and other cryptocurrencies is of great importance for investors and traders. In view of the current market situation, it remains to be seen how the situation will develop and whether Bitcoin is actually able to overcome the resistance at $ 130,000.