What’s next for BTC? Despite the bullish Fed rate

What’s next for BTC?

Despite the bullish Fed rate expectations, however, BTC price slipped 2% to $112.7K, mirroring a broader sell-off even in U.S equities on Friday. 

For FundStrat CEO and Wall Street analyst Tom Lee, the decline was a ‘normal dip’ and a healthy reset for another leg higher. 

But Arthur Hayes, founder of , trimmed his Ethereum [ETH] and Ethena [ENA] long positions, stating that more Donald Trump tariffs could further spook markets in Q3. He added, 

“US Tariff bill coming due in Q3 …at least the market believes that after NFP print. No major economy is creating enough credit fast enough to boost nominal GDP. So $BTC tests $100k, $ETH tests $3k.”

 outlook, noting the market was in a cyclical cooling after the recent third wave of profit-taking. 

The on-chain analytics firm added that demand from U.S investors has declined, and the market could consolidate for a few months before breaking higher. 

“Following the recent wave of profit-taking, Bitcoin and Ethereum prices may enter a period of consolidation before the next leg higher.”