Boring Bitcoin's Green Light Moment Incoming?

Market Overview - The Federal Reserve cut rates by 25 basis points but provided hawkish forward guidance, resulting in a lack of significant impact on Bitcoin's price [1] - Bitcoin's price remains directionless, stuck in a mini-rising channel within a broader downtrend [2] Technical Analysis - A breakout above the bearish trendline would signal the end of the downtrend from the record high, while a drop below the mini ascending channel could lead to deeper losses [2] - The MACD histogram is on the verge of crossing above zero, indicating potential renewed bullish momentum for Bitcoin [3] Dollar Index Impact - The dollar index (DXY) fell to 98.13, the lowest since October 17, indicating a bearish shift in momentum that could benefit risk assets like cryptocurrencies [4][5] - A weaker dollar generally supports the performance of cryptocurrencies [4] Market Sentiment - The Nasdaq has stabilized above key moving averages, providing bullish signals for the crypto market [6] - Bitcoin sellers appear to have exhausted their momentum, with prices holding steady despite regulatory challenges [6] Resistance Levels - If Bitcoin prices break out, resistance levels between $97,000 and $108,000 will be significant, identified by key moving averages and the Ichimoku Cloud [7] ETF Flows - Concerns remain regarding ETF flows, with no net inflows exceeding $500 million in the past month and cumulative net inflows since late November totaling only $219 million [8]