Binance News
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Bitcoin price rebounds to key resistance level, market focuses on U.S. macro data
According to Cointelegraph, on September 26, the price of Bitcoin (BTC) rebounded to a key resistance level, with BTC/USD rising 2% on the day, recovering from around $62,700 to near $65,000.
Trader Skew pointed out that on the 4-hour chart, the price aligns with the exponential moving average (EMA), the relative strength index (RSI) is above 50, and spot buyers are actively bidding.
Another trader, Daan Crypto Trades, mentioned that BTC/USD is in a waiting range at $65,000, believing that even if the price breaks above $65,000 and then falls back, it could still maintain that level.
The market is waiting for the U.S. second-quarter GDP data and initial unemployment claims, while focusing on the speech by Federal Reserve Chairman Powell. Trading company QCP Capital stated that the market will closely watch Powell's speech to gauge the direction of policy.
Trader Skew pointed out that on the 4-hour chart, the price aligns with the exponential moving average (EMA), the relative strength index (RSI) is above 50, and spot buyers are actively bidding.
Another trader, Daan Crypto Trades, mentioned that BTC/USD is in a waiting range at $65,000, believing that even if the price breaks above $65,000 and then falls back, it could still maintain that level.
The market is waiting for the U.S. second-quarter GDP data and initial unemployment claims, while focusing on the speech by Federal Reserve Chairman Powell. Trading company QCP Capital stated that the market will closely watch Powell's speech to gauge the direction of policy.
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