Bitcoin - Review from 09/10/2024

Financial and commodity markets analytics


The price range of $49,000-53,500, which is interesting from the point of view of potential purchases we wrote about yesterday, provided support to the market. Currently, the quotes are confidently holding above this zone. Nevertheless, re-testing remains possible. In particular, consideration should be given to the risks associated with the U.S. Federal Reserve's decision on the key rate next week. If the rate is lowered not by 25, but by 50 basis points, such a decision, which is not currently considered a priority, could put pressure on the U.S. dollar and provide additional support to bitcoin.