Bitcoin aimed to reclaim $60,000 around the August 29 Wall Street open, showing strength as U.S. macro data provided stability. BTC hit local highs of $60,845 on Bitstamp, marking a 3% gain for the day, as U.S. jobless claims and GDP figures met expectations.

Markets anticipate a 0.25% interest rate cut by the Federal Reserve in September, with QCP Capital forecasting that increased liquidity will boost risk assets like Bitcoin. Despite attempts to block upward movement, Bitcoin’s support retest on weekly timeframes remains successful, with higher lows forming since early July.

Trader Jelle noted the environment is "predatory" and advises caution. He sees $62,000 as a key level for potential upward momentum, with $65,000 as a target if the bullish trend continues.