Bitcoin: Path to $120K Hinges on Sustaining Above $114,600 Support

From beemarkets.com

In the second week of September, Bitcoin experienced a cautious upward trend, reaching a critical resistance level by week’s end. Expectations of a Federal Reserve rate cut are being factored into the market, influenced by recent data. While last week’s focus was on the weak US labor market, attention has now shifted to inflation data. Despite the anticipated rate cut being seen as positive for market risk appetite, investors remained cautious ahead of the inflation figures. The gradual recovery in market risk appetite resulted in only a modest increase in Bitcoin’s value. However, the upward momentum ... (full story)