Bitcoin [BTC] Whales Aggressively Accumulate Ahead of Potential Fed Rate Cut

Bitcoin [BTC] hit a new monthly high of $61.3K on the 17th of September, just a few hours before the Fed’s decision on the 18th of September.

Bitcoin [BTC] hit a new monthly high of $61.3K on the 17th of September, just a day before the Federal Reserve’s [Fed] interest rate decision on the 18th of September.

BTC has recovered about 14% from its early August lows and reached its previous range lows.

Rising from the lows, BTC hit a new monthly high on the 17th. However, the apex coin encountered resistance at the upper Bollinger Band (BB) and faced a rejection from the crucial resistance at around $61.3K.

After hitting a new monthly high on the 17th, BTC faced a minor correction and began to consolidate within a narrow range. As a result, the Bollinger Bands (BB) began to contract, indicating a period of low volatility.

Relative Strength Index (RSI) approached the overbought zone with a reading of 63. However, a potential bearish divergence was forming between price and RSI on the daily chart.

After hitting a new monthly high on the 17th, BTC encountered resistance at the upper Bollinger Band (BB) and faced a rejection from the crucial resistance at around $61.3K.

Following the rejection, BTC experienced a minor correction and began to consolidate within a narrow range. As a result, the Bollinger Bands (BB) contracted, indicating a period of low volatility.

Meanwhile, Relative Strength Index (RSI) approached the overbought zone with a reading of 63. However, a potential bearish divergence was forming between price and RSI on the daily chart.

After hitting a new monthly high on the 17th, BTC faced a minor correction and began to consolidate within a narrow range. This caused the Bollinger Bands (BB) to contract, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC encountered resistance at the upper Bollinger Band (BB) and faced a rejection from the crucial resistance at around $61.3K.

Following the rejection, BTC experienced a minor correction and began to consolidate within a narrow range. As a result, the Bollinger Bands (BB) contracted, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC encountered resistance at the upper Bollinger Band (BB) and faced a rejection from the crucial resistance at around $61.3K.

Following the rejection, BTC experienced a minor correction and began to consolidate within a narrow range. This caused the Bollinger Bands (BB) to contract, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC faced a minor correction and began to consolidate within a narrow range. As a result, the Bollinger Bands (BB) contracted, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC encountered resistance at the upper Bollinger Band (BB) and faced a rejection from the crucial resistance at around $61.3K.

Following the rejection, BTC experienced a minor correction and began to consolidate within a narrow range. This caused the Bollinger Bands (BB) to contract, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC faced a minor correction and began to consolidate within a narrow range. As a result, the Bollinger Bands (BB) contracted, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC encountered resistance at the upper Bollinger Band (BB) and faced a rejection from the crucial resistance at around $61.3K.

Following the rejection, BTC experienced a minor correction and began to consolidate within a narrow range. This caused the Bollinger Bands (BB) to contract, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC faced a minor correction and began to consolidate within a narrow range. As a result, the Bollinger Bands (BB) contracted, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC encountered resistance at the upper Bollinger Band (BB) and faced a rejection from the crucial resistance at around $61.3K.

Following the rejection, BTC experienced a minor correction and began to consolidate within a narrow range. This caused the Bollinger Bands (BB) to contract, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC faced a minor correction and began to consolidate within a narrow range. As a result, the Bollinger Bands (BB) contracted, indicating a period of low volatility.

After hitting a new monthly high on the 17th, BTC encountered resistance at the upper Bollinger Band (BB)

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