Bitcoin (BTC) rose 8.2% in the seven days to September 25, rising from $59,886 to $64,816. However, the $64,500 resistance level proved more challenging than expected. Weak macroeconomic data dampened investors’ risk appetite, leading to a Bitcoin price correction on September 25.

New home sales prices in the US fell 4.6% year-on-year in August, with housing stocks near record levels. In China, the central bank announced interest rate cuts and a $142 billion credit line, but analysts say these measures are not enough.

The US presidential election is also a major source of uncertainty for Bitcoin investors. Democrats are thought to be creating a more hostile environment towards crypto. Bitcoin bulls are hoping for a Trump victory.

What do you think about the future of Bitcoin? Share your views in the comments.