LONG BTC/USD

The weekend was uncertain for Bitcoin, as the cryptocurrency rose to a high of $ 49,600 overnight from Saturday to Sunday, but failed to hold on to its gains, falling back to $ 48,000 on Monday morning.
However, the correction remains limited, and this week's news could help Bitcoin embark on a new psychological threshold test of $ 50,000.
Recall that the fall of the Dollar at the end of last week helped bitcoin to exceed $ 49,000. However, BTC struggled to extend its ascent above $ 50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve's cut schedule following the Fed boss's speech at Jackson Hole last Friday.