Bitcoin Price Weekly Outlook

Last week was a bit of a roller coaster ride, while bears kicked the price down to the $84,000 support level early in the week, bulls stepped in down there to rally the price up to the $94,000 resistance level. From there, the price dropped once again, just below $88,000 on Sunday morning, before seeing a small rally to close the week out at $90,429. This week, bitcoin bulls will look to the FOMC meeting on Wednesday to produce a much-anticipated rate cut to help facilitate a better investment environment for bitcoin and other assets. Climbing above $94,000 will be key for the bulls this week, if they hope to sway the market more in their favor.

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