Bitcoin Price Action Suggests Upcoming Correction

BTC-USD Daily Forex Analysis and Trend Insight

The BTC/USD pair, known as “digital gold,” represents Bitcoin valued against the US Dollar, making it one of the most actively traded cryptocurrency pairs in forex markets. Fundamental analysis for BTCUSD today is notably influenced by upcoming remarks from Federal Reserve Bank of Minneapolis President Neel Kashkari during a panel titled “Monetary Policy Challenges in an Uncertain Economy.” Traders will closely monitor Kashkari’s comments, as a more hawkish stance could strengthen the USD, potentially exerting downward pressure on BTCUSD. Additionally, key economic indicators such as Durable Goods Orders and the House Price Index releases today could further impact USD sentiment and influence BTCUSD volatility.

Chart Notes:• Chart time-zone is UTC (+03:00)• Candles’ time-frame is 4h.Analyzing the BTC-USD 4-hour chart, Bitcoin has achieved a new all-time high (ATH), clearly surpassing its previous record. However, the significant energy required for BTCUSD to reach this new peak appears to have weakened the ongoing uptrend. This is evident from the clear divergence between price action and key oscillators. The Bollinger Bands have expanded but are now tightening slightly, suggesting volatility is beginning to contract, pointing toward potential sideways or corrective movements. The Stochastic Oscillator currently shows declining momentum, reinforcing the likelihood of a temporary correction. Additionally, the Relative Strength Index (RSI) has descended toward neutral territory, further supporting the view that BTCUSD may consolidate or correct briefly before resuming any upward momentum.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.