Welcome to Extreme Investor Network, your go-to source for all things related to the stock market, trading, and investing. Today, we’re diving into the latest updates on the US BTC-spot ETF market flows, US economic indicators, and the Fed rate path.
As we look ahead to Wednesday, September 25, keep an eye on the US housing market data, as it could have an impact on BTC demand. With economists predicting a potential 5.1% slide in new home sales for August after a significant surge in July, there’s speculation about a hard US economic landing. The housing sector is often seen as a key indicator of the overall economy, affecting consumer confidence, spending, and more.
In addition to the data, pay attention to comments from FOMC members regarding the US economy and potential interest rate cuts. If there’s support for further rate cuts in light of expectations for a soft landing, we could see increased buyer demand for riskier assets like BTC and BTC-spot ETFs.
Stay tuned for our updates on the latest news and analysis to help you navigate your BTC and crypto exposures in this ever-changing market landscape.
Moving on to technical analysis, Bitcoin (BTC) is currently sitting comfortably above the 50-day and 200-day EMAs, indicating bullish price trends. A potential return to $65,000 could pave the way for a move towards $67,500, with a breakout potentially leading to the $69,000 resistance level coming into play.
Keep an eye out for US economic data, Fed comments, and US BTC-spot ETF market flows, as these factors could influence BTC movements. On the flip side, a drop below the $64,000 support level may give the bears an opportunity to test the 50-day EMA and the $60,365 support level.
With a 65.43 14-day RSI reading, BTC could climb to $67,500 before entering overbought territory. Stay informed and proactive in your trading decisions to make the most of the current market conditions.
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