Bitcoin Faces Resistance near All-Time High as Fed Rate Cut Bets Boost Equities

Bitcoin is encountering resistance at major levels, with significant miner selling and analysis pointing to key barriers at $127,000. Macro sentiment is buoyed by expectations of a September Federal Reserve rate cut, pushing the S&P 500 and Nasdaq to new highs. Meanwhile, capital flows into crypto remain robust, but some analysts warn of a potential short-term pullback.