Price Analysis 9/23: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

Bitcoin bears are defending the $65,000 resistance level, but if it pulls back, Bitcoin and altcoins are likely to seek new all-time highs.

Bitcoin’s rejection

( BTC $63,443 )

near the $65,000 resistance shows that bears want to keep the price within the lower half of the $54,000 to $73,777 range, but bulls are not ready to give up easily. The latest 10x Research report suggests that Bitcoin is poised to rally, considering it is entering a historically strong October-March season.

Another bullish development for the crypto markets could be the 50 basis point rate cut by the Federal Reserve on September 18. The latest weekly digital asset fund flow report from CoinShares said the rate cut may have led to $321 million inflows into digital asset investment products last week.