Bitcoin’s Dance: Will $117K Resist or Assist? 🎭💸

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Key points:

  • Bitcoin teeters on the edge of destiny, caught between the whispers of $114K and the taunts of $117.2K. 🌪️

  • A weekend of silence precedes the storm, as macro winds prepare to ruffle crypto’s feathers. 🦢→🌩️

  • The Federal Reserve’s inflation gauge looms, a specter ready to dictate Bitcoin’s next waltz. 👻📈

Bitcoin (BTC), that elusive muse of traders, lingered in suspense as Sunday’s curtain fell, its gaze fixed on the final barrier before the heavens of all-time highs. Will it ascend, or will the gods of resistance intervene? 🤔✨

BTC, trapped in a ballet of crunch levels

Data from CryptoMoon Markets Pro and TradingView revealed BTC/USD pirouetting beneath $116,000, a delicate act between support and resistance. 🩰

As CryptoMoon whispered, these levels-$114K and $117.2K-were the stage upon which last week’s drama unfolded, reacting to the capricious macro symphony. 🎻

“The retest of $114K (black) into support remains a graceful success, yet $117.2K (blue) stands as a stubborn partner,” Rekt Capital mused, his chart a canvas of tension. 🎨

“A range-bound pas de deux-soon, we shall witness the strength of $117.2K’s embrace.”

Daan Crypto Trades, ever the choreographer, widened the lens to $112K and $118K, the pivotal cues for this market ballet. 🎭

“Four weekends of stillness, no volatility, no gaps-CME’s futures market sleeps,” he noted, a hint of sarcasm in his tone. 😴

“Next week, the dance resumes. Watch $112K & $118K-they hold the rhythm.”

Ted Pillows, the crypto entrepreneur, echoed the sentiment of stagnation. “Bitcoin consolidates, a patient soul at $116K,” he remarked. 🧘♂️

“If bulls breach $117K, a rally shall bloom. Else, a dump precedes the Q4 crescendo.”

A new week, a new Fed-fueled tempest

The macro horizon promises turbulence, a tempest for crypto and risk assets alike as September wanes. 🌪️

The PCE index, the Fed’s darling inflation gauge, arrives on Sept. 26, a harbinger of monetary fate. 📅

Fed officials, including the enigmatic Jerome Powell, will speak, their words weighing heavier than the first rate cut of 2025. 🎤✂️

“Another busy week awaits,” The Kobeissi Letter quipped, its thread a tapestry of anticipation. 🧵

Markets, ever the sleuths, will scour macro data for clues to the Fed’s next move, with Oct. 29’s decision looming. 🔍

CME’s FedWatch Tool predicts another 0.25% cut with near-religious certainty. But will the gods of finance oblige? 🏛️🤲

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2025-09-21 18:27