Key points:<\/strong><\/p>\n Key Bitcoin price levels above and below spot price are here as BTC is about to start a new week.<\/p>\n<\/li>\n A quiet weekend is slated to give way to volatility as fresh macro catalysts appear.<\/p>\n<\/li>\n A \u201cbusy week\u201d will see the release of the Federal Reserve\u2019s favorite US inflation gauge.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) kept traders guessing into Sunday\u2019s weekly close as analysis focused on the final resistance before all-time highs.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD hovering below $116,000.<\/p>\n This meant that the price remained wedged between support and resistance at $114,000 and $117,200, respectively.<\/p>\n As Cointelegraph reported<\/a>, both levels were on the radar throughout last week as price reacted to US macroeconomic volatility triggers.<\/p>\n \u201cThe retest of $114k (black) into support continues to be successful but there is resistance at ~$117.2k (blue),\u201d popular trader and analyst Rekt Capital summarized<\/a> while uploading a corresponding chart to X on the day.<\/p>\n \u201cThis makes for a range-bound construction and we’ll soon find out how weak or strong a resistance $117.2k really is.\u201d<\/p><\/blockquote>\n Fellow trader Daan Crypto Trades had an expanded view, focusing on $112,000 and $118,000 for market cues.<\/p>\n \u201cVery little happening indeed. It\u2019s now the 4th weekend in a row where we have seen little volatility and likely no gap being created,\u201d he acknowledged<\/a>, referring to weekend \u201cgaps\u201d in CME Group\u2019s Bitcoin futures market.\u00a0<\/p>\n \u201cWe’ll see where this wants to go next week. Main short term levels for me to watch are $112K & $118K.\u201d<\/p><\/blockquote>\n Crypto investor and entrepreneur Ted Pillows agreed on the lack of movement on BTC\/USD.<\/p>\n \u201cIt has been consolidating around the $116,000 level for some time now,\u201d part of an X post stated<\/a>.\u00a0<\/p>\n \u201cIf bulls are able to push Bitcoin above the $117,000 region, a rally could happen. Otherwise the plan will be a dump followed by a rally in Q4.\u201d<\/p><\/blockquote>\n The macro outlook looked set to provide more volatility for crypto and risk assets into the end of September.<\/p>\n Related: <\/strong><\/em>Bitcoin price $150K target comes as analyst sees weeks to all-time highs<\/strong><\/em><\/a><\/p>\n The US Federal Reserve\u2019s \u201cpreferred\u201d inflation gauge, the Personal Consumption Expenditures (PCE) index, was due out on Sept. 26.<\/p>\n Various Fed officials, including Chair Jerome Powell, were due to speak throughout the week, just days after they voted to enact the first interest-rate cut of 2025<\/a>.<\/p>\n \u201cWe have another busy week ahead,\u201d trading resource The Kobeissi Letter commented<\/a> in an X thread on the topic.<\/p>\n Kobeissi noted that markets would be looking for hints as to future Fed policy in the upcoming macro data, with its next interest-rate decision due on Oct. 29.<\/p>\n\n
BTC price wedged between crunch levels<\/h2>\n
Bitcoin faces new week of Fed volatility triggers<\/h2>\n