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Bitcoin nears bottom amid Middle East tensions and Fed rate hold at 3.50%-3.75%

Market News
12 Jul 2026, 05:00 WIB
AMBCrypto
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Neutral
Bitcoin nears bottom amid Middle East tensions and Fed rate hold at 3.50%-3.75%

Bitcoin has recovered above $64,000 after dipping below $60,000, but faces pressure from Middle East tensions and the Federal Reserve's steady interest rates at 3.50%-3.75%. Inflation concerns and geopolitical risks weigh on sentiment, yet signs like reduced institutional selling and new accumulation around $60k-$63k suggest Bitcoin may be nearing a bottom. Resistance remains strong near $77k and $84k-$85k cost-basis clusters, indicating cautious investor sentiment. The market is pressured but not broken, with regulatory developments like the CLARITY Act still pending and potentially impactful.

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