⚡ Key Data Points



Current price: ~$115,720 USD

Recent high / resistance: Around $117,000–$118,000 has been acting as resistance.

Support: Roughly $114,800–$115,000 is seen as strong support in the near term. Falling below that may put pressure on prices.

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🔍 What’s Driving the Market

1. Fed rate cut
The U.S. Federal Reserve recently cut interest rates by 25 basis points. That has given Bitcoin and broader crypto markets a boost, due to expectations of more rate easing and lower yields on traditional safe assets.

2. Options expiry event
There’s about $4.9 trillion worth of options expiring, which adds volatility (may trigger price reactions) and acts as a friction point for bulls unless resistance is overcome.

3. On‐chain strength & institutional demand
Signals are pointing to accumulation: strong support zones, institutional spot ETF inflows, growing corporate holdings. These are reinforcing the base under BTC.

4. Seasonality & scope for breakout
September has historically been a weak month for Bitcoin, but this year it’s performing well: up ~8%, making this one of its best Septembers since 2012.
If BTC can reclaim and sustain above the resistance zone ($117K–$118K), there’s potential to aim for $120,000+.

#BTC#
# market update#
BTC0.39%
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