$115K Becomes Key Price Level, Traders Say Look Closely

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Bitcoin lacks momentum into the weekly close as a trader says now is the “time to pay attention” to BTC price behavior ahead of the Fed rate-cut decision.

Bitcoin drifts toward $115,000 into the weekly close ahead of a key macro week.

BTC needs a weekly close above $114,000 to stay “bullish,” analysis says.

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

Bitcoin circled weekend lows into Sunday’s weekly close ahead of a major week for crypto and risk assets.

”Time to pay attention” to Bitcoin price
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping toward $115,000.

The pair avoided major volatility after the week’s last Wall Street trading session, during which it hit $116,800 — its highest since Aug. 23.

“Pretty clear price is being walked down here yet again going into a new week,” popular trader Skew summarized about the latest BTC price action in part of a post on X.

Skew flagged “some pretty decent bid depth & liquidity just below $115K” on exchange order books.


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