Bitcoin Price Stabilizes at Bull Market Support Band Amidst Volatility
Bitcoin is currently at a critical price point, positioned on the Bull Market Support Band, which has historically served as a significant support level during bull cycles.
Importance of the Bull Market Support Band
- Bitcoin is testing the Bull Market Support Band, a key momentum indicator.
- Historically, Bitcoin has not remained detached from this band for long periods during bull markets.
- Short-term consolidation around this level may present buying opportunities for investors.
Liquidity Impact on Bitcoin's Movement
- A bearish divergence against Global M2 Money supply indicates potential slowdown in momentum.
- A liquidity pullback is expected in late September, coinciding with anticipated Federal Reserve rate cuts.
- This scenario could lead to choppy trading until global liquidity improves in late October.
- October marks the end of the four-year cycle, historically linked to increased selling activity.
No major cycle top signals are evident. The Trump Administration may stimulate the economy through aggressive monetary policies, potentially extending the current cycle into late 2026.
The optimal buy range in the event of a sell-off lies between $93,000 and $98,000, corresponding with a retest of the weekly 55 Exponential Moving Average (EMA).
