Bitcoin Rally Slows Amid Inflation Concerns; Golden Cross Imminent
Bitcoin experienced a pullback on September 10, 2026, as higher-than-expected August Producer Price Index data reignited fears of potential Federal Reserve rate hikes. The broader market also suffered with the S&P 500 and Nasdaq both declining by more than half a percent. Despite this short-term dip, Bitcoin remains well above its August lows near $64,000. Technical indicators suggest continued bullish momentum for Bitcoin in the medium term. The Average Directional Index is at 45.8—above key trend confirmation levels—and the Relative Strength Index sits comfortably in positive territory without signaling overbought conditions. A golden cross between moving averages appears imminent and could signal a stronger uptrend if confirmed. The Squeeze Momentum Indicator suggests volatility may be building ahead of a larger move, while U.S. spot Bitcoin ETFs have seen strong inflows recently, indicating sustained institutional interest.
Topics: Bitcoin Federal Reserve inflation Nasdaq S&P 500