**Market Update:**
Bitcoin's immediate support is at $56,130, while resistance is visible at $58,739. The RSI is above 60, indicating some bullish strength, but it's approaching the overbought zone. The MACD is giving a bullish signal, but caution is advised as it is nearing a reversal zone. Volume remains stable, but thereâs no significant surge to suggest strong momentum.
Historically, September has been a weak month for Bitcoin, but due to the anticipated U.S. Federal Reserve rate cut, Bitcoin could close above $60,000, potentially surprising the bears. October has traditionally been a strong month, so recovery is expected, and a breakout could occur in late September or October.
