Key points:
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The main higher and lower Bitcoin price levels at the price are here because BTC is about to start a new week.
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A quiet weekend should give way to volatility as fresh macro-catalisters appear.
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A “busy week” will see the release of the favorite American inflation gauge from the Federal Reserve.
Bitcoin (BTC) kept the merchants guessing the weekly ending on Sunday while the analysis focused on the final resistance before the heights of all time.
BTC Price stuck between crisis levels
Data from Cointelegraph Markets Pro And Tradingview showed that BTC / USD oscillates below $ 116,000.
This meant that the price remained stuck between support and resistance at $ 114,000 and $ 117,200, respectively.
As Cointelegraph reportedThe two levels were on the radar throughout last week when the price reacted to triggers of American macroeconomic volatility.
“The retest of $ 114,000 (black) in continuous support to succeed, but there is resistance at ~ $ 117.2,000 (blue)”, trader and popular analyst Rekt Capital summary When downloading a corresponding graphic on X during the day.
“This allows construction linked to the beach and we will soon discover how low or strong resistance is $ 117.2,000.”
The merchant Daan Crypto Trades had an extended opinion, focusing on $ 112,000 and $ 118,000 for market indices.
“Very little things that happen. It is now the 4th consecutive weekend where we have seen little volatility and probably no lake recognizedReferring to the “gaps” of the weekend on the market for CME Group’s future bitcoin.
“We will see where it wants to go next week. The main short -term levels for me to watch are $ 112,000 and $ 118,000. ”
The crypto investor and the entrepreneur TED pillows agreed with the lack of movement on BTC / USD.
“It has been consolidating around the level of $ 116,000 for some time now,” was part of an X post declared.
“If the bulls can push Bitcoin over the region of $ 117,000, a rally could occur. Otherwise, the plan will be a dumping ground followed by a rally in the fourth quarter.”
Bitcoin faces a new week of Fed volatility triggers
Macro’s prospects seemed ready to provide more volatility for cryptography and risk assets at the end of September.
In relation: Bitcoin Price $ 150K The objective came while the analyst sees weeks at peaks of all time
The “preferred” inflation gauge of the American federal reserve, the personal consumer expenses (PCE) index was released on September 26.
Various Fed officials, including President Jerome Powell, had to speak throughout the week, just a few days after voting to adopt the First interest rate cut in 2025.
“We have another week loaded to come,” said the letter Kobeissi commented In a x thread on the subject.
Kobeissi noted that the markets are looking for advice on future Fed policy in the next Macro data, with its next interest rate decision scheduled for October 29.
CME Group data Fedwatch tool have shown that the markets are extremely confident that another drop of 0.25% would result.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
