-
Bitcoin: Path to $120K Hinges on Sustaining Above $114,600 Support
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)
- Comments / Top
- Subscribe
-
Related Stories
From dailyforex.com | Sep 12, 2025
Bitcoin has shown itself to be rather sideways and quiet during the trading session here on Thursday as we are sitting just above the crucial 50-day EMA and trying to absorb a lot of the bullish pressure that we had seen from the previous candlestick on Wednesday. At this point, it's obvious that central banks around the world are thinking more loose than ...
From finance.yahoo.com | Sep 11, 2025
Bitcoin hit an all-time high of nearly $125,000 last month, but here’s the twist nobody saw coming: September—historically the digital asset’s weakest month—might actually be when it finally reclaims dominance from Ethereum’s summer rally. While crypto traders brace for Bitcoin’s traditional September slump, a growing chorus of analysts believes this year’s ...
From vtmarkets.com | Sep 12, 2025
S&P Dow Jones Indices has decided not to include Strategy (formerly MicroStrategy) in the S&P 500, despite it fulfilling the size and eligibility requirements. This decision underscores concerns about the risks involved with corporate crypto-treasury models, as most of Strategy’s valuation stems from bitcoin holdings rather than its primary IT operations. ...
