BTC higher but has lost momentum as price fails at the first hurdle, 115.25. With equities gapping higher and closing at all time highs, Bitcoin should be higher. Bulls can put it down to position squaring in front of the FED, but they’d be deluding themselves.
I think revisiting the pivot low from August at 112k is most likely as 25 bps cut by the FED is fully priced in.