Bitcoin Price Circles $115K Into Weekly Close
Bitcoin hovered near $115,000 over the weekend, showing little volatility ahead of Sunday’s weekly close. Data from Cointelegraph Markets Pro and TradingView confirmed that BTC/USD drifted toward weekend lows.
Despite earlier momentum, the market stalled after reaching $116,800 during Friday’s Wall Street session. This was Bitcoin’s highest point since August 23, but buyers struggled to hold gains. Traders are now watching whether Bitcoin can defend $115,000 as markets enter a critical macroeconomic week.
Trader Skew Flags Key Liquidity Levels
Popular trader Skew observed that Bitcoin’s price is being “walked down” going into the new week. He pointed out strong bid depth just below the $115,000 mark, suggesting institutional players may be preparing to absorb sell pressure.
Skew emphasized that liquidity clusters around this zone could dictate short-term market moves. “Time to pay attention,” he concluded, highlighting the importance of the $115,000 threshold. Order-book data continues to show concentrated buying interest near this level, providing a potential support floor.
Rekt Capital: Focus on Reclaiming $114K First
While some market participants hope for a breakout toward $117,000, analyst Rekt Capital urged caution. He explained that the immediate goal should be reclaiming $114,000 as firm support. Achieving this level would encourage “premium buying,” which could then fuel a push toward higher resistance.
Rekt Capital also dismissed concerns that Bitcoin had already peaked at $124,500, predicting new all-time highs are still ahead. A weekly close above $114,000, he added, would confirm bullish momentum for the coming weeks.
Market Confidence in Fed Rate Cut Grows
Beyond technical charts, all eyes are on the U.S. Federal Reserve’s upcoming decision on interest rates. Market consensus strongly points to at least a 0.25% rate cut, driven by softer inflation and resilient economic data.
Lower rates generally favor risk assets, and traders anticipate renewed inflows into Bitcoin and equities. Analysts say dovish policy could extend Q4 rallies and support broader adoption of digital assets. With macro conditions aligning, Bitcoin’s trajectory could shift sharply once the Fed confirms its stance.
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Strong Economic Signals Boost Risk Assets
The latest market update from Mosaic Asset Company highlighted several bullish macro signals. Improving leading economic indicators, coupled with loose financial conditions, are creating favorable conditions for growth.
Strong participation from cyclical industries further supports the case for ongoing expansion. This backdrop could sustain equity rallies while reinforcing risk appetite in crypto markets. If momentum continues, Bitcoin may benefit from institutional investors diversifying into digital assets alongside traditional markets.
Traders Eye Support and Resistance Ranges
Technical traders remain focused on the near-term battle between support at $114,000 and resistance around $117,000. A failure to hold $114,000 could invite deeper pullbacks, potentially testing lower liquidity zones.
Conversely, reclaiming this level would set the stage for a breakout above $117,000. Analysts recommend monitoring volume and order-book dynamics closely to anticipate price action. The market structure remains fragile, but upside potential is significant if support holds firm.
Outlook for Q4: Opportunity and Risk
As Bitcoin consolidates near $115,000, the next few weeks may define the trajectory for Q4. Traders see potential for renewed rallies if macro conditions align with strong technical support.
However, uncertainty around global markets and the Fed’s policy shift could still spark volatility. The balance between institutional accumulation and retail sentiment will be critical. For now, Bitcoin’s $115,000 zone remains the level to watch, with traders agreeing it’s “time to pay attention.”
