Bitcoin price levels to watch next

The following are key points.

• Bitcoin is starting a new trading week and we have identified key Bitcoin prices above and below the spot price.

• The weekend should be quiet, but volatility is expected to rise as new macro catalysts are revealed.

• You can also find out more about the A-Team here. “busy week” This week, the Federal Reserve releases its preferred US inflation measure.

BitcoinBTCThe final resistance level before the all-time highest highs was what traders were focusing on as they awaited Sunday’s close.

BTC Price wedged Between Crunch Levels

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD is hovering just below $116,000.

The price was wedged in between $114,400 and $117.200.

The following are some of the ways to get in touch with us. Cointelegraph reportedBoth levels remained on the radar for most of last week, as prices reacted in response to US macroeconomic triggers.

“The retest of $114k (black) into support continues to be successful but there is resistance at ~$117.2k (blue),” Rekt capital is a popular analyst and trader. summarized While uploading a corresponding graph to X for the day.

“This makes for a range-bound construction and we’ll soon find out how weak or strong a resistance $117.2k really is.”

Daan Crypto trades, another fellow trader, had a broader view. He focused on market signals of $112,000 to $118,000 as he expanded his perspective.

“Very little happening indeed. It’s now the 4th weekend in a row where we have seen little volatility and likely no gap being created,” He acknowledgedWeekend “gaps” CME Group Bitcoin futures markets. 

“We’ll see where this wants to go next week. Main short term levels for me to watch are $112K & $118K.”

Ted Pillows, a crypto investor and entrepreneur, agreed that the BTC/USD pair has not moved.

“It has been consolidating around the $116,000 level for some time now,” Post X is a part stated. 

“If bulls are able to push Bitcoin above the $117,000 region, a rally could happen. Otherwise the plan will be a dump followed by a rally in Q4.”

Bitcoin is facing a new wave of Fed volatility this week

In September, the macro outlook was set to bring more volatility into crypto and risk assets.

Related: Bitcoin price $150K target comes as analyst sees weeks to all-time highs

The US Federal Reserve System “preferred” The Personal Consumption Expenditures Index (PCE), a measure of inflation, is due to be released on September 26.

The Fed’s Chair Jerome Powell was scheduled to make several speeches throughout the week. This came just days after the Fed voted in favor of the first interest-rate cut of 2025.

“We have another busy week ahead,” Trading Resource The Kobeissi Letter commented You can discuss the topic in a thread.

Kobeissi said that the markets will be watching for clues as to Fed’s future policy, in the coming macro-data. The Fed is due to make its next rate decision on October 29.

CME Group data FedWatch Tool Markets were confident of another 0.25% reduction.

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.