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) made sure that traders guess Sunday’s weekly fence when the analysis focused on the final resistance before the heights of all time.
BTC Price stuck between crisis levels
Cointelegraph Markets Pro and TradingView data have shown 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 reported, the two levels were on the radar throughout last week, the price reacting to triggers of American macroeconomic volatility.
“The retain of $ 114,000 (black) in continuous support to succeed, but there is resistance at ~ $ 117.2,000 (blue)”, Rekt Capital Populaire Rekt Rekt summed up during the download of a graphic corresponding to X that 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 few things that happen. It is now the 4th consecutive weekend where we have seen little volatility and probably no gap created,” he admitted, referring to the “gaps” of the weekend on the market for future Bitcoin of the CME group.
“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,” said part of an X post.
“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, were to speak throughout the week, just a few days after voting to promulgate the first reduction in the interest rate of 2025.
“We have another week loaded to come,” said the commercial resource, Kobeissi’s letter 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’s Fedwatch tool data has shown that the markets are extremely confident that another 0.25% drop would result.
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