Key points:
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Bitcoin drifts around $ 115,000 in the nearby before a week of key macro.
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BTC needs a weekly fence greater than $ 114,000 to remain “bullish”, according to the analysis.
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The markets are convinced that the federal reserve will reduce interest rates next week.
Bitcoin (BTC)) The weekend stockings surrounded in the quay of Sunday ahead of a major week for the crypto and the assets at risk.
“It’s time to be careful” at the price of Bitcoin
Data from Cointelegraph Markets Pro And Tradingview showed a BTC / USD fall at $ 115,000.
The pair avoided major volatility after the last Wall Street negotiation session of the week, during which it reached $ 116,800 – its highest since August 23.
“A fairly clear price is in progress here again in a new week,” summed up the popular merchant summarized on the last price action of the BTC in a part of a part of Publish.
SKEW reported “a fairly decent depth of offer and liquidity just below $ 115,000” on exchange control books.
“It’s time to be careful,” he concluded.
Continuing, market players have remained cool on short -term prospects, the popular merchant and the Rekt Capital analyst adopting a step -by -step approach.
“The objective is not for Bitcoin to break $ 117,000 in the short term”, it explain In his latest post x.
“The objective is that Bitcoin recovers $ 114,000 first to support. Because this would allow the purchase of premiums necessary to obtain the price over $ 117,000 later.”
Rekt Capital was one of those who finally saw new heights of all time during the current Haussier market, arguing that Bitcoin could not have completed at $ 124,500.
A weekly fence above $ 114,000 would be “upward”, it added The day.
The markets remain dead on the decline in the rate of the Fed
The main objective of the coming week was the decision of the American federal reserve on interest rates.
In relation: Bitcoin ‘Sharks’ Add 65k BTC in a week in a key demand rebound
As Cointelegraph reportedmarkets have unanimously seen the decision -makers cutting rate by at least 0.25%. The largely favorable American macro-data prints have cemented this conviction.
In its latest market update on September 11, the commercial company Mosaic Asset Company was optimistic about the prospects of risk assets in the fourth quarter and beyond.
“The combination of the improvement of leading indicators, the current financial conditions in progress and the extent of the market which includes the participation of cyclical industries promotes continuous economic expansion in my opinion”, its author wrote.
“This supports the prospects for profits which are ultimately good for stock prices at the same time as the Fed should resume rate cuts. This could make an excellent commercial environment next year.”
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.
