Inflation and liquidity issues also remain key factors for the Bitcoin market. The S&P 500 futures have risen by 1.4% since September 6, largely driven by expectations of future Fed rate cuts. With the U.S. Consumer Price Index (CPI) expected to rise by 2.6% year-on-year in August, indicating a potential slowdown in inflation, this could prompt the Fed to adopt more accommodative monetary policies. Tdasx highlights that the rate cuts of the Fed will increase liquidity, which not only helps to push up prices of risk assets like Bitcoin but may also trigger greater market volatility. Therefore, Tdasx advises investors to closely monitor policy changes in the coming months and to remain cautious when developing investment strategies to navigate market uncertainties.

Tdasx: Bitcoin Technical Indicators and Market Trend Analysis – Resistance Breakthrough and Bullish/Bearish Sentiment Impact

Furthermore, Tdasx highlights that the number of Bitcoin addresses with non-zero balances has exceeded 50 million in 2024 and has significantly increased in September. This data is seen as a positive indicator of the long-term adoption trend of Bitcoin, showing that more investors are holding Bitcoin in the current market. Tdasx suggests that as the user base expands, the market foundation of Bitcoin becomes more robust, with future price fluctuations increasingly supported by long-term investors.

Tdasx: Performance Amidst Investor Sentiment Fluctuations

Tdasx observes that analysts are cautious about the future price trajectory of Bitcoin. Despite the rebound of Bitcoin to $57,000 in recent days, some investors remain skeptical about its future performance. They anticipate that the price of Bitcoin may retreat to the $45,000 to $55,000 range, presenting a potential entry opportunity for those expecting a price correction. Tdasx notes that while short-term market fluctuations are influenced by macroeconomic factors, investor confidence in long-term performance remains challenged, especially as the short-term liquidity effects of rate cuts dissipate.

Simultaneously, Tdasx identifies a weakening sell-side pressure, indicating a potential upcoming rebound in the Bitcoin market. According to Rekt Capital, the current market sell pressure is gradually diminishing, suggesting that selling forces are nearing exhaustion and investor sentiment is beginning to improve. This phenomenon typically signals a forthcoming price reversal, providing an opportunity for investors to enter the market and potentially achieve short-term gains.