Key points:
The key levels of the price of Bitcoin above and below the spot price are here, since BTC is about to start a new week.
A quiet weekend is scheduled to give way to volatility, since fresh macro catalysts appear.
A “occupied week” will see the launch of the Federal Reserve American Inflation Meter.
Bitcoin (BTC) kept merchants by guessing Sunday’s weekly closure as the analysis focused on the final resistance before the maximum of all time.
BTC price encated between crispy levels
Co -Intelegraph Markets Pro and TradingView data showed BTC/USD around $ 116,000.
This meant that the price remained fit between support and resistance at $ 114,000 and $ 117,200, respectively.
As Cointegraph reported, both levels were on the radar during the past week as the price reacted to the triggers of macroeconomic volatility of the US.
“The new $ 114K (black) test in support continues to be successful, but there is resistance to ~ $ 117.2k (blue),” summarized the popular merchant and Rekt Capital analyst when uploading a table corresponding to X in the day.
“This makes it a rank construction and we will soon discover how weak or strong it is really a resistance $ 117.2k.”
Merchant partner Daan Crypto Trades had an expanded view, focusing on $ 112,000 and $ 118,000 for market signals.
“Very little happened in fact. Now it is the fourth consecutive weekend in which we have seen little volatility and probably no gap is created,” he acknowledged, referring to the “weekend spaces” in the Bitcoin futures market of the CME group.
“We will see where you want to go next week. The main short -term levels for me are $ 112K and $ 118K.”
The investor and cryptographic entrepreneur TED Pillows agreed the lack of movement in BTC/USD.
“He has been consolidating around the level of $ 116,000 for some time,” he said part of an X publication.
“If bulls can push Bitcoin above the region of $ 117,000, a rally could occur. Otherwise, the plan will be a landfill followed by a rally in the fourth quarter.”
Bitcoin faces a new week of fed volatility triggers
The macro perspective seemed to provide more volatility for crypto and risk assets at the end of September.
Related: Bitcoin Price $ 150k Target arrives when the analyst sees weeks at the maximum of all time
The “favorite” inflation meter of the US Federal Reserve., The Index of Personal Consumer Expenses (PCE), came out on September 26.
Several Fed officials, including President Jerome Powell, had to speak throughout the week, a few days after voting to promulgate the first 2025 interest rate cut.
“We have another week busy ahead,” said the commercial resource that Kobeissi’s letter commented on a thread X on the subject.
Kobeissi said the markets would seek clues about the future policy of the Fed in the next Macro data, with its next interest rate decision that is due on October 29.
CME Group Fedwatch tool data showed that the markets overwhelmingly trust another 0.25%cut.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
