Bitcoin hovered near weekend lows on Sunday as the market prepared for a pivotal week across crypto and broader risk assets. BTC/USD slipped toward $115,000 after avoiding significant volatility in the final Wall Street session of the week, during which it briefly touched $116,800 — its highest level since August 23. Despite the move, sentiment around the short-term outlook remained cautious. Market participants are broadly aligned in expecting policymakers to cut rates by at least 25 basis points, with recent supportive U.S. macroeconomic data reinforcing that conviction.
At the time of writing, BTC was trading at $115,429.
BTC gained some momentum last week as prices rallied by almost 8.75% from $107,255 to $116,665 (with declining volumes). BTC’s market cap dominance also witnessed a sharp fall from 66% to 57.2%, indicating that altcoins have outperformed BTC over the past few weeks. The asset faces strong resistance at $120,000 and $125,000, and to rally further, it has to break, close, and sustain above these resistance levels, whereas $105,000 and $100,000 will act as strong support for BTC.
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