**Bitcoin Price Surge Faces Resistance Amid Economic Concerns**

Bitcoin (BTC) saw an 8.2% rise over the week leading up to Sept. 25, climbing from $59,886 to $64,816. However, the $64,500 resistance level proved tough to break. Weak macroeconomic data and recession fears contributed to a price correction on Sept. 25.

**Key Factors:**

- **US Housing Market:** Median new home sales prices fell 4.6% year-over-year in August, marking seven consecutive months of decline.

- **China's Economic Measures:** The central bank cut interest rates and introduced a $142 billion credit line, but analysts doubt these steps will halt the economic slowdown.

- **Berkshire Hathaway Moves:** Warren Buffett's firm sold $8.9 billion in Bank of America shares, raising market concerns.

**US Election Impact:**

- Bitcoin investors are eyeing the November election, with concerns about the current administration's crypto policies.

- A potential Trump victory is seen as more favorable for Bitcoin, given his support for the industry.

**Market Sentiment:**

- Despite recent gains, Bitcoin's futures premium remains neutral at 6%, indicating cautious trader sentiment.

Bitcoin's performance remains under pressure from economic uncertainties and political factors.