$BTC

Current Price: $85,240.46 (+3.52%).

- Highest in 24 hours: $85,499.55.

- Lowest in 24 hours: $82,283.81.

- (RSI) at 53.59: Neutral

- MACD shows early signs of weakness in the upward momentum.

- Bollinger Bands: The price is close to the upper limit, which may indicate a slight correction before continuing the upward trend.

- There are several factors that may affect Bitcoin's movement:

- U.S. Federal Reserve Decision (FOMC Meeting):

If the Fed indicates that it will keep interest rates high for a longer period, it may lead to selling pressure on Bitcoin and the markets.

If it hints at a near-term rate cut, it may boost Bitcoin's upward trend.

- Employment and unemployment reports in the U.S.:

Strong employment data means that the Fed may keep monetary policy tight, which could pressure Bitcoin.

Weak data may support rate cut expectations, boosting Bitcoin.

- Movement of traditional markets (stocks and bonds):

If stocks continue to rise, we may see larger inflows into Bitcoin.

Volatility in traditional markets may lead to money exiting riskier assets like cryptocurrencies.

- If economic data comes in positive for Bitcoin (such as expectations of a rate cut): We could see a test of the $86,500 – $88,000 level.

If the data is negative (such as keeping rates high): We may see a correction to levels of $82,500 – $80,000 before returning to an upward trend.