Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA By Cointelegraph

(BTC) is struggling to rise above the overhead resistance at $31,000, but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range.

On the macroeconomic front, the Federal Reserve’s meeting son July 25 and 26 are important events to keep an eye on. The FedWatch Tool shows a 99.2% probability of a 25 basis point rate hike in the meeting. If that happens, the markets may not witness a knee-jerk reaction as the hike seems to have been priced in. However, any surprise move by the Fed could thrust the price out of the range.