Bitcoin faces mushrooming open interest as BTC price hits new September highs above $27,000.
Trader and analyst Rekt Capital meanwhile demanded that bulls win back higher levels and hold them into the September monthly close.“This level acted as support earlier this year and could turn into new resistance this month, unless $BTC reclaims it with a Monthly Close above black.”With the Fed’s decision on interest rates looming on Sept. 20, the macro conversation focused on the build-up to the event.The U.S.
“Bitcoin hit $27,000, while the DXY is above 105,” James Straten, research and data analyst at crypto insights firm CryptoSlate,This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
“The last time DXY was trading at 105 was March when Bitcoin was trading at less than $20,000. The time before that was Q4 2022, #Bitcoin was trading $17,000.”
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