Bitcoin Prices to Monitor Next

The following are key 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 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 was hovering around $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 the popular trading and analysis firm. 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 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,” Part of a X-post 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 volatility to rise again this week, according to the Fed

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.

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 stated that the market would look for any hints of future Fed policies in the macro data due out on October 29, when it is expected to announce its next interest rate decision.

CME Group Data FedWatch Tool Markets were confident of another 0.25 percent cut.

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.