Bitcoin remains in an 18-day range despite dropping below $116,000. The delay in pro-crypto policy from US regulators and Trump administration has traders on edge. On Wednesday, BTC plummeted after the Federal Reserve’s FOMC minutes release, but rebounded as focus shifted back to fundamentals and Trump’s economic plans. Analysts predict range expansion soon. Bitcoin futures markets show signs of range expansion, with short liquidations above $120,000 and longs at risk below $115,000. Sell walls are thickening at $121,100, with strong bids at $111,000. Positive actions like increased Bitcoin treasury buyers and ETF inflows signal broader adoption and institutional investment. SEC chairman’s speech sets a clear policy objective for crypto growth in the US, laying the foundation for increased institutional allocations to Bitcoin and other cryptocurrencies.

Read more at Cointelegraph: Bitcoin Breakout Pending But Direction Remains Unknown