ChatGPT Bitcoin analysis indicates that Bitcoin recovered sharply to $116,859 after Fed Chair Jerome Powell hinted at September rate cuts, despite $1.17 billion in ETF outflows and institutional selling pressure throughout the week.
The move follows a volatile trading session that saw Bitcoin swing between $111,684 and $116,988, reflecting heightened market sensitivity to U.S. monetary policy shifts. Powell’s comments at Jackson Hole triggered renewed risk-on sentiment, giving Bitcoin a bullish lift despite broader distribution trends.
Technically, Bitcoin remains strong above all key exponential moving averages (EMAs): 20-day at $113,982, 50-day at $115,333, 100-day at $116,164, and 200-day at $115,943. The relative strength index (RSI) sits at 62.75, suggesting healthy momentum, while the moving average convergence divergence (MACD) remains in bullish territory—though its negative histogram highlights possible momentum exhaustion.
“Markets are showing resilience,” said crypto strategist David Lin. “Even with heavy ETF outflows, Bitcoin’s ability to maintain structure above its EMAs underscores institutional support and positions the asset for a potential breakout toward $120,000.”
Volume data of 10.83K BTC suggests continued institutional participation during the Powell-driven rebound. However, with volatility readings at extreme levels, price swings may remain sharp as investors weigh Fed policy against ongoing selling pressure.
The latest recovery underscores the tug-of-war between macroeconomic catalysts and institutional distribution. Should Powell’s dovish stance solidify into September, Bitcoin could test its next major resistance at $120K. Conversely, momentum fatigue could expose BTC to downside risk if ETF outflows accelerate.
For now, ChatGPT Bitcoin analysis points to a cautiously bullish setup, with Bitcoin balancing strong technical support against weakening momentum signals.