Crypto
Bitcoin Price Hinges on Upcoming Events: Will It Hit $100K or Drop to $50K?
The Bitcoin price is currently sitting at around $79,129, up 0.57% on the day, according to derivatives data.
Futures volume over 24 hours sits near $55.65 billion, with open interest around $53.85 billion.
Five major events in the next ten days could decide where BTC price heads next: September 10, PPI (Producer Price Index), September 11, CPI (Consumer Price Index), September 15, Clarity Act vote, September 16, Fed rate decision, and September 18, Bank of Japan decision.
The last time Bitcoin formed a Golden Cross, the bear market ended, and the price surged more than 500%. However, this time around, spot demand is softer, and analysts say a weekly close above $83,000 could open the door to $100,000 before year-end.