Bitcoin has approached the local resistance level ( + trend line on the horizon), short-term growth is caused by an inverse correlation with the dollar index, which shows a decrease (orange line). Strong dollar - higher inflation, falling indices and bitcoin. Until the dollar index made a new low on an uptrend, for bitcoin, this is all a correction of bear falling. Since we are now at resistance in that picture, we can expect a local decline in anticipation of new data on this week:
Sept 13 - #CPI. Consensus - a second straight drop in inflation as oil prices continue to fall, at an YoY rate of 8.1% [prev. - 8.5, peak - 9.1].
Sept 14 - The Merge.
Sept 21 - #FOMC meeting where they will raise the rate by 0.75%
