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Bitcoin (BTC) heads into September still battling key resistance as markets flip hawkish on Federal Reserve policy.
Key points:
- Markets see a 60% chance of the Fed hiking interest rates in September, with jobs data due this week.
- Oil has experienced renewed volatility amid fresh US strikes on Iran and an unprecedented US-Venezuela oil-supply deal.
- Bitcoin remains under a crucial patch of resistance below $86,000 heading into the August monthly candle close.
September rate hike bets return after Jackson Hole
The coming week will bring the release of multiple US employment indexes, each likely to shape expectations for policy changes from the Federal Reserve.
The Fed is already in the spotlight after last week’s Jackson Hole economic symposium, which featured its first keynote speech from new chair Kevin Warsh. Warsh remained characteristically tight-lipped on policy cues, describing forward guidance — a fixture of Fed PR for decades…
