Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin)
Price Struggles Amid
Mixed Economic Signals
Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) price faces uncertainty as market trends and macroeconomic
factors clash. Strong job growth could prompt the Federal Reserve to cut
interest rates, potentially benefiting Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin by increasing liquidity.
However, recent exchange flows show a balance between outflows and inflows,
signaling no clear price direction yet. BTC needs to break resistance around
$63,000 to push higher, but if it falls below the $59,000 support, it risks a
drop to $55,000 or lower.
Booming Job Market: A Mixed Blessing for BTC Future?
The strong job growth and market optimism are a double-edged sword for
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. On one hand, the positive economic outlook could reduce the urgency
for investors to turn to riskier assets like BTC, as traditional stocks may
offer safer returns in a stable environment.
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Additionally, the potential for the Federal Reserve to cut interest rates less
aggressively could strengthen the U.S. dollar, potentially decreasing BTC
appeal as an inflation hedge.
On the flip side, if the economy continues to grow without overheating, it
could increase overall investor confidence, prompting more speculative
investments, which could benefit BTC . Furthermore, the possibility of a
slower rate of interest cuts may keep liquidity high, which tends to benefit
high-risk assets like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
In short, while a strong economy might curb some of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s safe-haven
appeal, it could still attract investors looking for growth opportunities in a
positive market environment.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s Balancing Act: Indecisive Net Exchange Flows
In the past month, net outflows from exchanges have dominated Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s
movement, but the trend is not as clear-cut as it may initially seem.
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On September 10, we saw the largest outflow, reaching a month-low of -16,000
BTC, which is typically a strong bullish signal as it indicates holders are
moving a significant amount of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin off exchanges, reducing the supply
available for selling. However, after that large outflow, the pattern has been
less decisive.
Read more: 7 Best Crypto Exchanges in the USA for Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Trading BTC
Net Transfer Volume Exchanges. Source: Glassnode
While negative flows continued, indicating more outflows than inflows overall,
they haven t been as extreme, and we’ve also seen several days with
positive flows. These inflows suggest that some investors are still sending
BTC to exchanges, possibly to sell, which adds to the market s
uncertainty.
This back-and-forth between outflows and inflows reflects a market without a
dominant trend. While there is still a preference for holding overselling, it
isn t overwhelming enough to drive Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price strongly upward.
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With inflows and outflows balancing each other more recently, BTC price trend
remains indecisive, and the market could shift in either direction depending
on how future inflows or outflows shape up.
BTC Price Prediction: A Potential 10% Jump Soon?
If the labor market continues to produce strong job numbers, as with the
recent surge of 254,000 jobs in September, it could influence the Federal
Reserve to cut interest rates further. A rate cut typically lowers borrowing
costs and injects more liquidity into the economy, which can drive investors
towards riskier assets like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as they seek higher returns.
This scenario could positively impact BTC price by increasing demand,
especially as lower interest rates make traditional investment avenues less
attractive. If Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin manages to break through its key resistances around
$63,000 and $64,700, it could spark a rally toward $66,000 or higher as
investors shift their focus to crypto.
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Read more: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price Prediction 2024/2025/2030 BTC IOMAP. Source:
IntoTheBlock
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The In/Out of the Money Around Price (IOMAP) chart, which shows where BTC
holders are in the money (profitable) or out of the
money (at a loss), reveals significant support and resistance levels
near the current price. However, if BTC price fails to hold its current
support of around $59,000, it risks a sharper downside.
A break below this level could trigger a more substantial retracement, with
BTC potentially falling to $55,000 or even $53,000, where the next significant
support levels are found. This would likely encourage further selling
pressure, especially from traders looking to cut their losses, pushing Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
into a more bearish phase unless broader economic factors, like rate cuts,
help revive the bullish momentum.
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