Bitcoin faces fresh pressure after Fed’s hawkish rate hold: Analysts

The US dollar remains steady following a Federal Reserve decision to hold rates, leaving the future path unclear. Meanwhile, Bitcoin is experiencing new pressure due to the Fed's hawkish stance. Traders currently price in a 78% probability of a rate hike in December. Analysts suggest that upcoming inflation data, Treasury yields, and the US dollar will be the primary factors determining the next price movement for Bitcoin in the current market environment.