Bitcoin price levels to watch next

Important points

• As BTC begins a brand new week, we’ve identified the key Bitcoin price levels.

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

• You can also find out more about the A-Team here. “busy week” The Federal Reserve will release its favorite US inflation indicator.

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

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

It meant the price was still wedged between resistance and support at $114,000, and then $117,200.

The following are some of the ways to get in touch with us. Cointelegraph reportedBoth levels were visible throughout the 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 Upload a corresponding chart on the same 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 CryptoTrades, a fellow trader from the same firm, took a more expansive view of market indicators.

“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 offers Bitcoin Futures. 

“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 is the central bank of the United States “preferred” The Personal Consumption Expenditures Index (PCE), a measure of inflation, is due to be released on September 26.

A number of Fed officials including Jerome Powell were scheduled to give speeches during the course of this week. They did so just days following their vote to pass 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 The markets were overwhelmingly positive that another 0.25 percent cut was coming.

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 any kind of decision.