Bitcoin traders see $70K BTC price as market trims Fed rate cut bets

Bitcoin avoids excess volatility after its trip beyond $68,000, but BTC price analysis warns that sharp moves may be next.

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Bitcoin (BTC) drifted lower into the Oct. 17 Wall Street open as United States jobless claims increased caution over interest rate cuts.

BTC/USD 1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView tracked a cool day for BTC price action after a spike to 11-week highs of $68,400.

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