Bitcoin has established a new resistance to around $ 116,000, which is not likely to change until cryptocurrency acquisitions have changed the momentum, says Bitfinex analysts.
However, the two potential catalysts in reach -to -overlook can help strengthen the price of bitcoin (Btc).
“The BTC is now trading on the upper edge of the range near $ 116,000, which remains resistance to decisively -reclaimed,” Bitfinex Says In a report last Tuesday.
The report added that since Bitcoin’s momentum faded since it hit a full time of $ 124,100 on August 14, and its price was obtained under the cost of the recent buyers who entered the top, at $ 108,000 to $ 116,000 range.
Bitcoin traded at $ 116,370 at the time of publication, According to In coinmarketcap.
The slight rebound over the past seven days is coming as the US Federal Reserve is set to announce its interest rate decision on Wednesday, with market participants assigning a 96.1% probability of a 25 point of cutting point, According to In the tool of the CME Fedwatch.
Analysts are divided into fed reaction
Market participants are divided into how bitcoin prices will react if the Fed announces a cutting rate. Fundstrat co-founder Tom Lee mentioned the fed Reduction of rates In the first time this year as a potential catalyst for Bitcoin and Ether (Eth) making “a monster move over the next three months.”
However, others are more skeptical about how it will open. Crypto analyst Ted said he was confident that the Fed would reduce rates, but Outlined In an X post on Tuesday that Bitcoin could drop to $ 104,000 before upside down, or fall to $ 92,000 before rebounding to a new high time.
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Fed cutting rates are usually bullish for risk assets, as traditional investments such as bonds and term deposits are less attractive to investors.
However, analysts often care that prices can still refuse after such bullish events if the market is already priced at the possibility.
Generally, the sentiment in the crypto market is divided into participants, including Crypto Fear & Greed Index Posting a “neutral” mark of 53 on Wednesday.
Q4 can serve as bullish catalyst for crypto
Another participant in the Catalyst market is the view of October 1, marking the start of the fourth quarter of 2025, with history best performing quarter, with an average return of 85.42% since 2013, According to In coinglass.
Meanwhile, Bitfinex analysts said the owner’s long-term confidence was still strong, since the recent sale, who saw Bitcoin up to $ 107,400 on September 1, was more driven by investors to buy over the past six months.
“This dynamic -new one suggests that investors accumulated during February – May used the correction of recent bounces as an opportunity to emerge in profit, creating significant headwinds for further reversed momentum,” analysts said.
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