Key Points
1.Bitcoin’s August rally has slowed, with BTC struggling below $82,000.
2.Hotter U.S. inflation could keep pressure on Bitcoin in the short term.
3.The outlook remains bullish above $77,000, but a break below it could send BTC toward $72,000.
Bitcoin rallied about 25% in August, but the momentum has faded in September. The biggest question now is whether BTC can break through the $82,200 resistance zone or whether another pullback is coming first.
Bitcoin is trading around $77,300 after failing to make a decisive move above $82,000. Buyers are still defending the recent support area, but the price action shows that bullish momentum is not as strong as it was during August.
The latest U.S. inflation data has made the situation more difficult. Core CPI increased 0.3% in the latest monthly reading, above the 0.2% economists expected. Hotter inflation could make it harder for the Federal Reserve to ease monetary policy, which may keep pressure on Bitcoin and other risk assets.
Despite the short-term uncertainty, some major investors remain bullish. Macro investor Dan Tapiero recently said Bitcoin has already bottomed and does not expect the previous low to be revisited. Cathie Wood has also highlighted continued institutional adoption as an important long-term catalyst for Bitcoin.
Technically, the picture is mixed. The RSI is around 55, suggesting neutral momentum, while the MACD is giving a sell signal. However, the 50-day EMA has moved above the 200-day EMA, a setup that traders often view as a bullish signal.
Bitcoin could see a small correction before making another attempt at $82,200. A decisive break above that level could open the door to further gains. On the other hand, losing the $77,000 area could expose BTC to a deeper pullback toward $72,000.
For now, Bitcoin remains in an overall bullish structure, but the next move will likely depend on inflation, Fed policy and whether buyers can finally overcome the $82,000 resistance.
1.Bitcoin’s August rally has slowed, with BTC struggling below $82,000.
2.Hotter U.S. inflation could keep pressure on Bitcoin in the short term.
3.The outlook remains bullish above $77,000, but a break below it could send BTC toward $72,000.
Bitcoin rallied about 25% in August, but the momentum has faded in September. The biggest question now is whether BTC can break through the $82,200 resistance zone or whether another pullback is coming first.
Bitcoin is trading around $77,300 after failing to make a decisive move above $82,000. Buyers are still defending the recent support area, but the price action shows that bullish momentum is not as strong as it was during August.
The latest U.S. inflation data has made the situation more difficult. Core CPI increased 0.3% in the latest monthly reading, above the 0.2% economists expected. Hotter inflation could make it harder for the Federal Reserve to ease monetary policy, which may keep pressure on Bitcoin and other risk assets.
Despite the short-term uncertainty, some major investors remain bullish. Macro investor Dan Tapiero recently said Bitcoin has already bottomed and does not expect the previous low to be revisited. Cathie Wood has also highlighted continued institutional adoption as an important long-term catalyst for Bitcoin.
Technically, the picture is mixed. The RSI is around 55, suggesting neutral momentum, while the MACD is giving a sell signal. However, the 50-day EMA has moved above the 200-day EMA, a setup that traders often view as a bullish signal.
Bitcoin could see a small correction before making another attempt at $82,200. A decisive break above that level could open the door to further gains. On the other hand, losing the $77,000 area could expose BTC to a deeper pullback toward $72,000.
For now, Bitcoin remains in an overall bullish structure, but the next move will likely depend on inflation, Fed policy and whether buyers can finally overcome the $82,000 resistance.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.