Bitcoin remains stable as the Federal Reserve maintains its policy rate, with expectations for a rate cut now pushed to September. The Fed's decision to keep rates unchanged, coupled with a wait-and-see approach, is seen as bullish for Bitcoin, according to analysts. Fed Chairman Jerome Powell highlighted deflationary trends but noted strong job growth and consumer spending, allowing for high interest rates to persist. This stance has led to a consolidation trend in the market, which analysts believe will continue for several months.