Bitcoin Faces Crucial Week as Inflation Data Looms

This week may be pivotal for the crypto market, as Bitcoin's resilience is put to the test.

A 5% rally at the start of September saw BTC cross $82k, but it has struggled to reclaim this level since then.

The impending inflation data could have a significant impact on rate expectations ahead of the September FOMC meeting, with a hotter-than-expected print potentially prompting an immediate unwind of risk assets.

Bitcoin's range-bound action may indicate that investors are waiting for macro reports to come out before taking bigger positions, leaving the setup increasingly fragile.