Key Points:

• Bitcoin (BTC) is expected to witness fluctuations as a new week begins, surpassing current spot prices.

• A quiet weekend sets the stage for potential volatility as new macroeconomic factors come into play.

• A “busy week” lies ahead with the release of the Federal Reserve’s preferred US inflation measure.

As the week closes on Sunday, speculation about Bitcoin continues, particularly focusing on the final resistance level.

BTC Prices Stuck Between Key Levels

According to Cointelegraph Markets Pro and TradingView, the BTC/USD pair is currently below $116,000. This puts it in a tight spot, with support at $114,000 and resistance at $117,200.

Last week, these levels were noteworthy as price movements reacted to shifts in the broader US economy. “The $114K support continues to hold up well, but I face resistance around $117.2K,” one analyst observed, sharing charts on X.

“This creates a range-bound structure and shows how strong or weak the resistance is.”

Trader Daan Crypto Trades expanded the view to include $112,000 and $118,000 as potential market cues, mentioning a lack of volatility at the moment. “It’s not happening much now—seems like there might be minimal gaps,” he noted, referencing the CME Group’s Bitcoin futures market.

“Next week will be telling. I’m eyeing $112K and $118K,” he added.

Some crypto investors, like TED Pillow, agreed that movements in BTC/USD have stalled. “It’s been consolidating around $116,000 for a while now,” he commented on X.

“If the bulls can push Bitcoin past the $117,000 mark, we might see a rally. Otherwise, we could be in for a drop ahead of the fourth quarter,” he noted.

Bitcoin Faces a Week of Fed-Induced Volatility

The macroeconomic landscape suggests that crypto and other risk assets may experience volatility leading up to the end of September.

The Personal Consumption Expenditures (PCE) Index, which the Federal Reserve prioritizes as a measure of inflation, is set to be released on September 26th.

Several Federal Reserve officials, including Chairman Jerome Powell, will be speaking throughout the week, following the recent decision to implement the first interest rate cuts in 2025.

“We have a busy week ahead,” echoed a trading resource, suggesting that market participants are on the lookout for insights on future Fed policies from the upcoming macro data, with the next interest rate decision anticipated on October 29th.

According to CME Group data, market sentiment indicates a strong expectation for an additional 0.25% rate cut.

This article does not constitute investment advice or recommendations. All trading involves risks, and readers should conduct their own research before making decisions.