**Bitcoin Recovers as Investors Watch US Economic Data**
Bitcoin (BTC) rose 2% on September 26, moving closer to the $65,000 mark. This rebound came after it had dropped to $62,700. Key indicators suggest it might keep rising, with the relative strength index (RSI) above 50 and positive signals from moving averages.
Trader Skew mentioned that strong buying activity could push Bitcoin even higher by the end of the week. Daan Crypto Trades noted that Bitcoin is in a "waiting room" around the $65,000 level, which is crucial for trading.
Investors are also paying attention to the upcoming US Q2 GDP data and comments from Federal Reserve Chair Jerome Powell, as these could affect financial policies and Bitcoin's price. Any hints of economic easing might support cryptocurrencies and other riskier assets.#Write2Earn! #BTCâ #Write2Earn! #BTCâ #Write2Earn!
