A Bitcoin trader said that "it is time to pay attention" to the price level of USD 115K

Bitcoin lacks momentum at the weekly close, as a trader said, now is "the time to pay attention" to the price behavior of BTC before the Fed's decision on interest rate cuts.

A Bitcoin trader said that "it is time to pay attention" to the price level of USD 115K

Market update

Key points:

Bitcoin is approaching USD 115,000 at the weekly close, ahead of a key week in terms of macroeconomics.

BTC needs a weekly close above USD 114,000 to remain “bullish,” says the analysis.

Markets are convinced that the Federal Reserve will cut interest rates next week.

Bitcoin

BTC

101.406 €

hovered around the weekend lows until the weekly close on Sunday before an important week for cryptocurrencies and risk assets.