Bitcoin (BTC) continues to delight traders, holding the $60,000 level. In this article, we will look at current signals and projections for the near future.
Positive Signals on Daily and Weekly Charts
As of September 15, BTC/USD has risen by 9% for the week, indicating potential positive movement. According to analyst Titan of Crypto, Bitcoin has reclaimed key levels on the daily chart, confirmed by Ichimoku and RSI indicators. 'Titan of Crypto stated, 'Bitcoin has reclaimed the Tenkan, Kijun, and pushed above the Kumo Cloud,' accompanied by an Ichimoku chart. The Ichimoku indicator has been actively used for Bitcoin analysis over the past 18 months and now also points to a potential resistance retest on weekly charts. According to data from Cointelegraph Markets Pro and TradingView, Bitcoin is reclaiming key Ichimoku trend lines on both daily and weekly charts. Mid-term projections also remain positive due to RSI confirming levels that have crossed the critical 50 mark.
Trader Expectations Amid Macroeconomic Changes
Optimistic projections about Bitcoin's price are also linked to macroeconomic changes. A key event is expected on September 18, when the U.S. Federal Reserve is assumed to lower the interest rate. This event has already led markets to ascribe a 100% probability of a rate cut, which in turn could impact risk assets and cryptocurrencies. Trading firm QCP Capital recommended its Telegram subscribers to prepare for favorable scenarios. 'Despite some short term uncertainty and potential drawdowns, we still favor locking in yields ahead of the rates cut and positioning for bullish scenarios,' representatives stated.
Conclusion
Bitcoin continues to delight its supporters by holding significant levels. Macroeconomic factors and technical indicators positively influence the cryptocurrency's future. It's important to keep an eye on economic news and analyze the current situation to make informed decisions.
In light of growing trader expectations regarding Bitcoin and macroeconomic changes, the prospects for BTC remain positive. Keep an eye on the market and prepare for possible changes.
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