Bitcoin edged around 1% higher and neared $113K over the past 24 hours, trading in a narrow band as investors balance cautious optimism against looming macro catalysts. With markets assigning a 90% chance of a Federal Reserve rate cut by September 17, sovereign accumulation continuing, and technical signals flashing neutrality, BTC remains in a holding pattern just below resistance. The question is whether incoming policy decisions and structural demand can propel the next breakout. Macro Tailwinds: Fed Policy in Focus Weak August jobs data — just +22K jobs vs. +75K forecast — reinforced expectations that the Fed will cut rates this month. Markets now price in a 90% probability of easing, a shift that directly affects Bitcoin’s trajectory. Historically, BTC has shown an inverse correlation to real yields and USD strength. If the Fed moves dovishly, capital could flow back into risk assets, setting the stage for BTC to retest key resistance. Fed policy remains the dominant swing factor. Traders are preparing for volatility around the September 17 meeting, with positioning cautious until confirmation arrives. Sovereign and Institutional Buying Provide Structural Support Despite Bitcoin’s -4.48% decline over 30 days, sovereign and institutional demand has proven resilient: El Salvador purchased 28 BTC ($3.1M) this week ahead of the 4th anniversary of its Bitcoin Law, bringing holdings to roughly 3,300 BTC ($373M). Japan’s Metaplanet announced a $61.4M BTC acquisition, signaling growing institutional interest from Asia. While retail sentiment remains hesitant, sovereign purchases and treasury allocations validate Bitcoin’s role as a reserve asset. This demand provides a safety net, cushioning downside risks even in periods of muted momentum. Technical Picture: Neutral With a Bullish Bias BTC currently trades between its 7-day SMA ($111,109) and 30-day SMA ($113,730), signaling consolidation. The RSI-14 at 49 points to neutral momentum, while a rising MACD histogram suggests an emerging bullish divergence. Key levels to watch: Resistance: $113,836 (61.8% Fibonacci level). A breakout here could target $117,892 (38.2% Fib). Support: $111K zone remains critical. Failure here risks erasing short-term bullish signals. Technicals are balanced, leaning slightly bullish. The lack of conviction underscores the market’s wait-and-see approach ahead of macro clarity. Outset PR: Clarity When Markets Wait for Direction If PR has ever felt like trying to navigate a foggy road without headlights, Outset PR brings clarity with data. Just as Bitcoin traders lean on technicals and macro signals to interpret market momentum, Outset PR builds strategies grounded in retrospective and real-time metrics to ensure communications generate lasting impact. Instead of vague promises or generic outreach, Outset PR maps out narratives tied to product–market fit, timed precisely to market context, and selects media based on discoverability, domain authority, and conversion potential. This approach ensures every client gains a forward-looking perspective: how their story will unfold, where it will land, and what impact it may create. Its proprietary traffic acquisition technology blends editorial coverage with SEO and lead-generation, creating visibility that consistently outperforms standard PR. By combining analytical rigor with boutique-level care, Outset PR has redefined what crypto PR looks like. In markets where narratives can shift overnight — just like Bitcoin’s swings around key resistance — the agency ensures clients don’t just get seen, but get seen in the right way, at the right time, and with verifiable results. You can find more information about Outset PR here: Website: outsetpr.io Telegram: t.me/outsetpr X: x.com/OutsetPR Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
