Analysis: Bitcoin Still Trapped in $80,000 Consolidation Range, Market May Reprice September Rate Hike Pause

PANews, September 8 – According to the latest Bitfinex Alpha report, the market currently estimates the probability of a 25-basis-point rate hike on September 16 has risen to about 60%, yet Bitcoin remains near $80,000. Meanwhile, U.S. Treasury yields continue to pressure risk assets, with the 2-year yield rising to 4.37% and the 30-year yield remaining at a high of 5.24%. Bitfinex noted that Bitcoin recently encountered resistance around $82,000 and is currently still oscillating within a range of approximately $77,200 to $82,100.

Bitfinex believes the market may reprice a pause in rate hikes in September, while sustained ETF inflows and growth in stablecoin supply could provide support for Bitcoin. However, Federal Reserve policy expectations and high U.S. Treasury yields limit upside potential. Nonetheless, if inflationary pressures persist, they could further strengthen rate hike expectations. Before breaking out of the current consolidation range, Bitcoin is more likely to maintain a relatively strong oscillation rather than confirming the start of a new upward trend.