Bitcoin Traders Brace for These 4 Key Macro Events This Week
Here are the four major events likely to matter the most for BTC and the broader crypto market for the week ahead.
ASTER bulls managed to push past the $0.74 mid-range resistance.
Aster [ASTER] recorded a surge of 6% in the last 24 hours. The daily trading volume was 75% higher too, according to CoinMarketCap. It is possible that the altcoin enthusiasm across the market could propel ASTER higher. For a week now, Bitcoin [BTC] bulls have held on to the $83K support zone, adamantly refusing sellers a pathway below $82K and potentially making a push below $80K. This Bitcoin resilience has helped altcoins steady their ships. The altcoin market cap (including Ethereum) has stayed around the $1.14-$1.15 trillion region over the past week. ASTER lacked a strong price trend in July and a good part of August. The consolidation phase back then has since given way to a bullish expansion. However, at press time, the long-term ASTER trend still wasn’t bullish. What do ASTER bulls need to flip the structure bullishly? The 3-day chart provided a clear picture of what the bulls needed to flip the structure. The $0.403 and $0.813-levels marked the swing points from the start of the year that are the latest relevant levels to the bearish swing structure. The swing high was tested in August, but a candle close above it did not occur. Until it does, long-term traders can maintain a cautiously bearish bias. Despite the hike in daily trading volume, the 3-day volume trends were barely able to exceed the 20-period moving average in September. As a result of relatively low volume and wicks to the upside, the A/D indicator has not managed to climb higher. The DMI showed a bullish trend in progress, but waiting for a session close above $0.813 to confirm bullish strength could still be a viable plan. Traders’ call to action – Keep an eye on the range The uptrend in August gave way to a range formation (purple) between $0.67 and $0.81. The past 24 hours’ gains propelled ASTER prices above the $0.74 mid-range resistance. The technical indicators also supported bullish momentum and increased buying pressure on the 4-hour chart. Traders can anticipate a sustained move back to the range highs, and remember that a breakout past $0.813 would signal a long-term trend shift. Final Summary ASTER’s price rally of 6% came alongside a 75% increase in daily trading volume. Over the past month, altcoin has been trading within a range, just below a swing high that has kept the higher timeframe swing structure bearish in 2026.
Here are the four major events likely to matter the most for BTC and the broader crypto market for the week ahead.
Here are the four major events likely to matter the most for BTC and the broader crypto market for the week ahead.
Bitcoin is about to get a major bullish signal it hasn't had in over a year CoinDesk
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