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Bitcoin's attempted recovery in the BTC/USD pair has run into resistance ahead of a Federal Open Market Committee decision, according to a forex signal analysis published by Daily Forex.
The report characterized the move as hitting a wall, framing the FOMC outcome as the dominant near-term catalyst for the pair's direction.
Recovery Loses Momentum Before Policy Decision The Daily Forex analysis flagged that bitcoin's rebound from recent lows has stalled, a pattern the outlet described as a recovery hitting a wall.
The timing is notable: the FOMC, the Federal Reserve body that sets U.S. interest rate policy, has a decision pending, and traders appear reluctant to extend positioning in either direction until that outcome is known.
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