Bitcoin price outlook: cautious wait as BTC trades near $115k–$117k

The analysis notes that BTC has shown resilience within a tight range but lacks catalysts for a breakout. The implied Fed-cut expectations have already been embedded in price, reducing the likelihood of a strong directional move without new information. The weekend probability of a small correction aligns with typical short-term liquidity and profit-taking dynamics, especially when the price is near multi-month resistance. Key risks include a sharper pullback if macro surprises surface or if on-chain activity weakens, while a neutral-to-bearish stance prevails in the absence of bullish catalysts.