{"id":44674,"date":"2025-06-19T15:30:50","date_gmt":"2025-06-19T12:30:50","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=44674"},"modified":"2025-06-19T15:24:55","modified_gmt":"2025-06-19T12:24:55","slug":"bitcoin-struggles-below-112k-heres-why","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-struggles-below-112k-heres-why\/","title":{"rendered":"Bitcoin Struggles Below $112K, Here&#8217;s Why\u00a0"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Bitcoin price<\/strong> has been trading sideways below the $112,000 level since May 23. BTC has been consolidating within a narrow $10,000 range for the past five weeks, pausing its upward trend. A strong resistance has formed at $106,000.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This resistance continues to block <strong>Bitcoin\u2019s attempts<\/strong> to climb back to $112,000. This stagnant movement is mainly due to investors remaining cautious amid geopolitical and macroeconomic uncertainties. Particularly, rising tensions in the Middle East, conflicts between Israel and Iran, and cyberattacks are undermining investor confidence.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Iran-based cryptocurrency exchange <strong>Nobitex<\/strong> was attacked by a <strong>pro-Israel hacker group<\/strong>, resulting in a <strong>$81 million<\/strong> loss. This incident exposed the vulnerability of crypto assets during geopolitical cyber conflicts. Bitcoin is often promoted as \u201cdigital gold,\u201d but during times of crisis, it underperforms compared to traditional safe-haven assets like gold and <strong>U.S. Treasury bonds<\/strong>. While gold approached all-time highs this week, BTC lost 3.6% in value just last week.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">Fed Decision and Inflation Concerns Weigh on Bitcoin<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">The <strong>U.S. Federal Reserve<\/strong> kept its policy interest <a href=\"https:\/\/coinengineer.net\/blog\/breaking-news-the-fed-has-announced-its-interest-rate-decision\/\"><strong>rate<\/strong><\/a> steady at 4.25\u20134.50% during its June 18 meeting. However, its ongoing hawkish stance against inflation increased pressure on risk assets. Due to a core<strong> PCE inflation<\/strong> rate of <strong>2.8%<\/strong> and potential trade policies from <a href=\"https:\/\/coinengineer.net\/blog\/trump-talks-tariffs-diplomatic-tensions-ahead\/\"><strong>Trump<\/strong><\/a>, the Fed reduced expectations for rate cuts.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">According to the <strong>CME Group\u2019s FedWatch Tool<\/strong>, the FOMC now projects only two <strong>25-basis-point<\/strong> rate cuts in 2025, down from four previously. Markets are currently pricing in just a 58.4% chance of a rate cut in September.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_44675\" aria-describedby=\"caption-attachment-44675\" style=\"width: 854px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-44675 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/06\/17-Eylul-FOMC-meeting.png\" alt=\"\" width=\"854\" height=\"474\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/06\/17-Eylul-FOMC-meeting.png 1600w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/06\/17-Eylul-FOMC-meeting-300x167.png 300w\" sizes=\"auto, (max-width: 854px) 100vw, 854px\" \/><figcaption id=\"caption-attachment-44675\" class=\"wp-caption-text\">September FOMC rate prospects &#8211; <strong>FedWatch<\/strong><\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">This scenario strengthens the U.S. dollar while putting further pressure on risk assets like Bitcoin. Diminishing liquidity expectations reduce demand for digital assets. According to QCP Capital\u2019s June 18 report, the Fed is likely to make only one rate cut, limiting Bitcoin&#8217;s upward momentum.<\/span><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;335559685&quot;:720}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/span><\/p>\n<p><span data-ccp-props=\"{&quot;335559685&quot;:720}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has been trading sideways below the $112,000 level since May 23. BTC has been consolidating within a narrow $10,000 range for the past five weeks, pausing its upward trend. A strong resistance has formed at $106,000.\u00a0 This resistance continues to block Bitcoin\u2019s attempts to climb back to $112,000. This stagnant movement is mainly<\/p>\n","protected":false},"author":36,"featured_media":38509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[13534,15694,9689,18708,18712,18709,18714,18639,18711,18715,18710,18713],"class_list":["post-44674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-resistance-level","tag-bitcoin-vs-gold","tag-btc-price-analysis","tag-crypto-market-consolidation","tag-digital-gold-performance","tag-fed-interest-rate-policy","tag-fedwatch-bitcoin-forecast","tag-geopolitical-crypto-impact","tag-iran-crypto-news","tag-middle-east-tensions-crypto","tag-nobitex-cyberattack","tag-us-inflation-and-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Struggles Below $112K, Here&#039;s Why\u00a0 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-struggles-below-112k-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Struggles Below $112K, Here&#039;s Why\u00a0 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price has been trading sideways below the $112,000 level since May 23. BTC has been consolidating within a narrow $10,000 range for the past five weeks, pausing its upward trend. A strong resistance has formed at $106,000.\u00a0 This resistance continues to block Bitcoin\u2019s attempts to climb back to $112,000. 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