BTC Price Forecast
Bitcoin stays below $112k ahead of Powell speech. BTC is down 3% in the last 24 hours, trading at $111,200 per coin.
- Bearish performance amid rising US-China trade conflict.
- Spot Bitcoin Exchange Traded Funds (ETFs) recorded an outflow of over $320 million.
Market participants await Fed chair Jerome Powell's speech, expecting hints on a possible interest rate cut.
Traders adopt a cautious sentiment to the market, expecting further volatility.
Author's summary: Bitcoin's price drops below $112k.