Despite historical September slumps, Bitcoin (BTC) has displayed resilience, closing at $26,600 for a 2.6% weekly gain. Weekend trades brought slight losses, edging BTC/USDT closer to $26,500. However, a morning surge propelled it 0.75% higher to $26,730, marking a 3% gain against the US dollar this month.
Attention now focuses on central banks, with the US Federal Reserve and Bank of England set to announce interest rates. The Fed is anticipated to maintain the base rate at 5.5%, while the BoE is expected to raise by 25 basis points. Any deviation from these forecasts could impact the BTC/USDT pair.
Goldman Sachs (NYSE:GS) analysts also predict an upswing, speculating that the Fed will revise economic growth projections, potentially triggering a short-term surge. Stay tuned for updates in this dynamic crypto landscape.