Over the past week, Bitcoin's price has seen a 6% decline, reflecting bearish trends. As of mid-September 2024, the price fluctuated between $58,880 and $60,927, indicating market consolidation. Despite short-term bullish signals like Bitcoin trading above key moving averages, trading volume has decreased by 19%, pointing to potential investor caution. The Federal Reserve's anticipated rate cut and rising Bitcoin mining difficulty may influence price movements in the coming weeks.
