Bitcoin Just Had Its Best Week in Months and Blamed the Federal Reserve for It 🎯😂
Bitcoin ripped over 5% Thursday and closed above $81,000 for the first time in months — its third straight weekly gain off the $63,018 low. It’s still trading above $81k on Binance right now. The spark? Easing fears of a Fed rate hike and falling Treasury yields. One boring committee meeting just printed thousands of dollars onto the chart in a single afternoon. 📊
September is supposed to be Bitcoin’s graveyard, negative returns in nine of the last 15 years. Fundstrat’s Sean Farrell noted we haven’t seen a red September in four years, calling seasonality “a helpful data point, not a trading system.” Bitcoin apparently read the reviews and decided to keep ignoring them. 😂
Technically it’s stretched: daily RSI at 73, hourly above 80. Even bulls are watching the overbought signals. Still, institutional demand is real, Bloomberg flagged renewed ETF inflows and Strategy just restarted buying after a two-month pause. 💎
The real test hits September 15-16 with the FOMC decision. The same 48-hour window also features the Senate’s CLARITY Act cloture vote, the bill whose Polymarket odds we watched collapse from 82% to 15%. Rate decision, legislative vote, and an overbought Bitcoin chart all collide at once. Whoever schedules markets this year has zero chill. 🎭
From August 1 to September 2 alone Bitcoin climbed roughly $14,840 out of the low $60,000s. Thursday just piled more on top. Institutional flows are real. Seasonal history is mixed. Overbought signals are flashing. All of it can be true heading into the next two weeks. 🚀
BTCTops$80K
$BTC
Bitcoin ripped over 5% Thursday and closed above $81,000 for the first time in months — its third straight weekly gain off the $63,018 low. It’s still trading above $81k on Binance right now. The spark? Easing fears of a Fed rate hike and falling Treasury yields. One boring committee meeting just printed thousands of dollars onto the chart in a single afternoon. 📊
September is supposed to be Bitcoin’s graveyard, negative returns in nine of the last 15 years. Fundstrat’s Sean Farrell noted we haven’t seen a red September in four years, calling seasonality “a helpful data point, not a trading system.” Bitcoin apparently read the reviews and decided to keep ignoring them. 😂
Technically it’s stretched: daily RSI at 73, hourly above 80. Even bulls are watching the overbought signals. Still, institutional demand is real, Bloomberg flagged renewed ETF inflows and Strategy just restarted buying after a two-month pause. 💎
The real test hits September 15-16 with the FOMC decision. The same 48-hour window also features the Senate’s CLARITY Act cloture vote, the bill whose Polymarket odds we watched collapse from 82% to 15%. Rate decision, legislative vote, and an overbought Bitcoin chart all collide at once. Whoever schedules markets this year has zero chill. 🎭
From August 1 to September 2 alone Bitcoin climbed roughly $14,840 out of the low $60,000s. Thursday just piled more on top. Institutional flows are real. Seasonal history is mixed. Overbought signals are flashing. All of it can be true heading into the next two weeks. 🚀
BTCTops$80K
$BTC
