The post Bitcoin (BTC) Sees Weak Bounce: Awaiting US Stock Market Cues? appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) is still going through a period of uncertainty. A bounce from Tuesday has already faltered, and there is a risk the price could return to the $109,000 local low. Some kind of a spark is needed. Could this come from the US stock market.   Buoyant US stock market + rate cuts = the spark that ignites Bitcoin? Source: TradingView The weekly chart for the S&P 500 shows how the Index has staged a spectacular recovery from the Trump tariffs plunge. Now the price is back above the lower trendline of the rising channel and is making new all-time highs with regularity. At the bottom of the chart, first the Stochastic RSI has its indicators bouncing along the top, and then the MACD just below, reveals the indicator lines coming back to the same elevated position they were through much of 2024. A rate cut is likely coming in September, but this said, history proves that the Federal Reserve is always behind the curve on cuts, and that once these begin, it is usually too late to stop the rot in an economy that is already well into decline. Nevertheless, with President Trump usurping control of the Federal Reserve, rate cuts could come thick and fast. This, combined with potential government money printing going into overdrive, could be what Bitcoin needs to complete its bull market with a bang. $BTC confirms $112,000 as resistance Source: TradingView Unless you are a trader, getting involved in the minutiae of the $BTC price in the short-term time frame is probably not advised. Suffice to say that $BTC is generally going sideways, and that it is coming to the bottom of this sideways range once again. Until such time as it definitively breaks down through $109,000, or it breaks the descending trendline to…

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Filed under: News - @ August 27, 2025 1:26 pm