The Fed has therefore unveiled a new monetary policy decision and the door remains open for a further cut in the federal funds rate at its meeting on Wednesday 17 September, if and only if inflation or employment data allow it.
On a technical level, the Bitcoin price trend remains bullish with a summer target of $130,000.
The Bitcoin price has been developing a sideways transition phase on a technical level since mid-July. This pause is a classic consolidation pattern in line with the underlying uptrend. The chart below shows the theoretical chart targets for the bullish resolution in early July of a bullish flag pattern.
The theoretical chart target is $130,000, which should be reached by the end of the summer. It should be noted that the price of Bitcoin is still being driven by new records in global M2 liquidity, which point to a bullish August 2025.
Binance’s BNB: a promising bullish technical breakout for the current cycle and altcoins
In the crypto world, certain tokens serve as true indicators of the overall health of the market. This is particularly true of BNB, Binance’s native token. Analyzing the performance of BNB against the dollar is not only relevant to its holders: it also offers valuable insight for anyone seeking to assess the dynamics of the crypto market, particularly that of altcoins. Why is this of interest? Quite simply because Binance occupies a dominant position in the ecosystem, with the highest trading volumes on both the spot and derivatives markets. As an asset closely linked to this platform, BNB therefore directly reflects the vitality of its business and, by extension, that of a major segment of the cryptocurrency industry.
A sharp and sustained rise in BNB tends to signal renewed enthusiasm, higher volumes, and increased confidence in altcoins. Conversely, a prolonged decline may suggest a pullback by market participants and broader pressure on altcoins.
In addition, activity on Binance directly influences demand for BNB, which is used to pay fees, participate in project launches, and interact with DeFi services. This organic link makes it an early indicator of the liquidity and energy of the crypto market as a whole.
The chart below shows the weekly Japanese candlesticks for the BNB/USD token. If you look at the winter 2021 period, you can see that the ATH was exceeded at the same time as the start of the altcoin season.
The BNB/USD price has just made a bullish technical breakout from the previous cycle’s record high, which is a powerful signal of bullish continuation and sends a favorable message for altcoins until the end of the cycle.
