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Bitcoin entrepreneurs talk new highs on the fed rate cut decision


Bitcoin (Btc) Entrepreneurs deliver for volatility as crypto heads in the decision of interest of the US Federal Reserve interest.

  • The Bitcoin Bulls has a clear level of resistance to surpass $ 117,000 as the week begins.

  • All eyes are on Fed as markets unanimously expect the first interest rate of 2025 rate to arrive on Wednesday.

  • A historic accurate BTC price forecasting tool requires fresh all-time highs for Bitcoin for a few weeks.

  • Binance’s order-book data that large buyers are active over the weekend.

  • Institution’s demand was nine times the supply of Mined BTC last week, with a trend that saw the price pushing higher.

Bitcoin price begins to move as Trafi returns

Bitcoin price volatility is hotting up as tradfi markets return, data from Cointelegraph Markets Pro and Tradingview stated.

Bitcoin price, market, market review
BTC/USD one hour chart. Source: Cointelegraph/TradingView

The BTC/USD continues to see a decline of $ 117,000, making interest levels for entrepreneurs.

“$ BTC has been rejected from $ 117,00- $ 117,200 regions. This is the only basis to recover for Bitcoin today,” investor and businessman Ted Pillows told his followers to his followers Latest post In X.

“If BTC fails to get it soon, the chances of a correction towards $ 113,500 or less will climb.”

BTC/USDT one day chart. Source: TED pillow/x

Data from Coinglass Displays a large block of Ask Liquidity in exchange order-books immediately above the $ 117,000 mark, with food eating the bids below.

BTC Liquidation Heatmap. Source: Coinglass

Business Crypnuevo suggested that $ 113,000 could return to playing around the time decision of the US Federal Reserve interest interest decision.

“I think it can drop the max to $ 113k- $ 112k this week,” part of a X thread Sunday was released.

Fed rate-cut conversation is dominant

This week should see the US Federal Reserve Cut Interest Rate at the first time in 2025.

Markets hope that the Wednesday’s Wednesday meeting of the Federal Open Market Committee (FOMC) will produce a cutting rate of 0.25%. Data from CME Group’s Fedwatch tool Even seeing a slight chance of a larger 0.5% cut.

The probability at the target rate for the September FOMC meeting (screenshot). Source: CME Group

The circumstances around the move are not uncommon. As noted by Kobeissi’s trade letter resource, it has only been three years since 1996 where the Fed cuts rates of stocks close to all times.

What happens as a result should please risk-asset bulls-including Bitcoin’s hodlers.

“There will be more immediate uprising, but long-term owners will party. Why do we think so? Since the interest rate cuts will enter the inflation and the AI ​​revolution, simply increases the fuel to the fire,” it wrote in a X thread On September 13th.

“Gold and Bitcoin know it. The straight line of the higher price we’ve seen in these asset classes is the pricing-in what’s coming.”

Gold returns compared to Bitcoin. Source: The Kobeissi/X letter

Number Cointelegraph reportedThe Fed faces an act of balancing hot inflation markers and worsening market -making conditions, and the latter is expected to quote as the basis for rate cuts.

“While inflation remains a problem for the Fed, the focus of the central bank has clearly moved towards supporting the labor market,” the trading company mosaic asset company recorded in the latest edition of its regular newsletter, “The mosaic of the market. “

Mosaic referred to the recent work -up data transformation data, noting the market “pricing some rate cuts.”

“There is a 100% chance that the Fed will reduce rates when it meets this week … The only question is how much,” he emphasized.

“Either way, a new rate of cutting rate is set to start at a time when financial conditions are loose and the stock market has signed a positive growth outlook.”

The Bitcoin Bull Market Top can be “just weeks away”

Predicting the top for the current Bitcoin Bull market is an increasingly heated subject to market participants.

Some believe that $ 124,500 will remain intact until the next twist, while many others prepare for a final price discovery trip.

On the weekend, Joao Wedson, founder and CEO of Crypto Analytics platform alphractal, tapped his Historic accurately BTC price forecasting tool as proof.

The Max Intersect SMA model, which uses Simple Moving Average (SMA) and Algorithmic Analysis to determine the Top Market Top, has not yet flashed for this cycle, he reported.

“Max Intersect SMA Model is not signed at the top of this cycle, but it’s very close,” an X post Explained, in Wedson’s dispute that the top could be “just weeks away.”

The accompanying charts put the top target around $ 140,000.

Bitcoin max intersect sma model. Source: Joao Wedson/X.

Number Cointelegraph reportedComparing previous bull markets to the current one led to expectations that the top would not come before October.

A golden cross on moving average convergence/difference -a (MACD) indicator at the start of September, meanwhile, delivered a Bold $ 160,000 target In the coming month, again based on historical patterns.

Binance shows signs of purchase of large quantities

The biggest binance of the crypto exchange indicates a BTC supply to a potential strengthening for bulls.

The latest research from the Onchain Analytics platform ended that a large consumer could be active in Binance this weekend. The Arab chain contributor has dropped a binance scarcity index tool as proof.

“The index jumps when the immediate power of purchase exceeds the available supply, as if consumer careers to get bitcoin in the market,” it wrote in one of the cryptoquants’s “Quicktake”Blog posts.

“This type of spike is often linked to positive news or sudden capital streams. The same pattern occurred in June and continued for days, after Bitcoin climbed around $ 124,000.”

Binance bitcoin scarcity index. Source: cryptoquant

The Arab chain acknowledged that short -term spikes in the index were the opposite of previous times of consolidatory action. The current raid, it said, had to take several days.

“The scarcity index has seen a sharp increase in recent months, reaching all the time high (above +6) before quickly refusing to neutral and even negative territories,” he noticed.

The index reached 2.94 on Sunday, per Cryptoquant data.

ETFs are provoking new-mined BTCs

When it comes to large BTC purchases, all eyes are in the institutions forward as crypto exchange products see large outflows.

Related: Bitcoin Miner accumulation hits the fastest speed since 2023 rally

Number Cointelegraph reportedThe US spot bitcoin exchange-traded funds (ETF) achieved net inflows of $ 2.3 billion last week.

This led to Keith Alan, co-founder of materials of the trade resources, to suggest that the institutional interest size would eventually lead to bitcoin in new high-time highs.

“Why? Because there is so much institutional demand, and that demand is growing,” he explained over the weekend.

US spot bitcoin ETF Netflows. Source: Glassnode

On-chain analytics firm glassnode mentioned That on September 10 only, the 5,900 ETFS flows represent their largest single day tally since mid-July.

“It pushed the weekly net flow of positive, reflecting the ETF’s updated demand as BTC combined above the $ 114K level,” he noticed.

US spot bitcoin ETF Netflows compared to the new supply. Source: Andre Dragosch/X.

A common argument revolves around the institutional buying more than the amount of new minted coins added to the BTC’s BTC supply.

Andre Dragosch, European Head of Research at Crypto Asset Manager Bitwise, calculated Last week’s flows were almost nine times in the new-minute supply.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.