As the cryptocurrency market heads towards the weekend, Bitcoin's price has risen back above $60,000, signaling a potential bullish reversal. Investors are keenly observing whether Bitcoin can break through the crucial resistance zone.
The upcoming FOMC meeting next week adds additional speculation to market dynamics. Historically, September has been a bearish month for Bitcoin, but current market behavior hints at a potentially green September.
Despite the price surge, BTC's funding rate remains extremely low, raising questions about sustained bullish momentum in the near term.
