Bitcoin is poised for a volatile week as it hovers below $116,000, caught between support at $114,000 and resistance at $117,200. Traders anticipate movement as macroeconomic triggers come into play, including the release of the US Federal Reserve’s favored inflation gauge. Analysts are eyeing key levels at $112,000 and $118,000 for market cues.

The weekend saw little movement in Bitcoin’s price, prompting traders to watch for a breakout above $117,000 or a potential dump. With the Federal Reserve’s upcoming data release and speeches from officials, markets are bracing for increased volatility in crypto and risk assets. Expectations are high for another 0.25% interest rate cut in October.

Read more at Cointelegraph: Here are the Bitcoin Price Levels to Watch Next