Bitcoin to $27K next? 1-week BTC price highs precede speech by Fed’s Powell By Cointelegraph

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© Reuters.

(BTC) hit new weekly highs after the Sept. 28 Wall Street open as markets awaited fresh cues from the United States Federal Reserve.

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC price strength staging a comeback on Sept. 28, having delivered what some referred to as a classic “pump and dump” 24 hours prior.

BTC/USD chart with open interest data. Source: Daan Crypto Trades/X