Bitcoin's Momentum Halted by Strong Dollar and Fed Expectations

Bitcoin's recent trading sessions have not shown a clear directional move, with price fluctuations remaining within a 1% range over the last four days.

This neutral behavior may be due to the strength of alternative markets, such as the U.S. dollar, which is limiting Bitcoin's ability to regain momentum and making it less appealing as a risk asset.

The Federal Reserve's expected more aggressive stance, particularly ahead of the upcoming U.S. Core PCE report, continues to support demand for the dollar and potentially reduce appetite for Bitcoin.

As yields on 10-year Treasury bonds climb toward 5.3%, this may attract investors away from Bitcoin towards dollar-denominated assets, further limiting its upside potential.