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US BTC-spot ETF Market Flows, US Economic Indicators, and the Fed Rate Path
On Wednesday, September 25, US housing market data could influence BTC demand. Economists predict new home sales will slide by 5.1% in August, following a 10.6% surge in July.
A larger-than-expected fall may fuel speculation about a hard US economic landing. Economists consider the US housing sector as a barometer for the US economy. A deteriorating housing market could affect consumer confidence, spending, and the economy.
Beyond the stats, FOMC member comments on the US economy and timing for interest rate cuts also need consideration. Support for further rate cuts amid expectations of a soft landing could drive buyer demand for riskier assets, including BTC and BTC-spot ETFs.
Investors should remain alert, with upcoming US economic data likely to affect buyer demand for BTC and the broader market. Stay updated with our latest news and analysis to manage your BTC and crypto exposures.
Technical Analysis
Bitcoin Analysis
BTC remains well above the 50-day and 200-day EMAs, confirming bullish price trends.
A return to $65,000 could support a move toward $67,500. Furthermore, a breakout from $67,500 may bring the $69,000 resistance level into play.
Investors should consider US economic data, Fed comments, and US BTC-spot ETF market flows.
Conversely, a drop below the $64,000 support level could give the bears a run at the 50-day EMA and the $60,365 support level.
With a 65.43 14-day RSI reading, BTC may climb to $67,500 before entering overbought territory.