Bitcoin price targets $83,450 after falling wedge breakout

Bitcoin price extended its recovery above $80,000 on Sept. 3 after Federal Reserve Governor Christopher Waller cooled expectations for a September rate hike, while the charts showed strong momentum approaching a critical resistance zone. Summary Bitcoin price gained 4.5% and reached an intraday high of $81,370. Waller said he could support holding rates steady if August inflation data shows further cooling. Daily RSI rose above 72, placing Bitcoin in overbought territory. A falling-wedge breakout could open a move toward $83,450 if buyers hold $80,000. According to data from crypto.news, Bitcoin (BTC) price was trading near $80,840 at the time of writing, up approximately 4.5% from its daily opening price of $77,340. The asset traded between $76,968 and $81,370 during the session, according to the supplied Binance chart. The move reversed much of the weakness seen earlier in the week and returned Bitcoin to the resistance area that stopped its August rally. Buyers must now turn the $80,000–$81,400 region into support to confirm that the breakout can continue. Waller comments cool September rate hike expectations Bitcoin accelerated higher after Waller said he was inclined to keep i...