Bitcoin Volatility Expected as US PPI and ECB Interest Rate Decision Converge

Bitcoin's price has been consolidating between $76,000 and $82,000 since the last week of August, according to TradingView data. This trend may change quickly due to upcoming market-moving indicators.

The US Producer Price Index (PPI) is expected on Thursday, September 10, which could trigger Bitcoin volatility. A hotter-than-expected PPI would likely lead to a sharp BTC sell-off, while lower-than-expected data will be bullish for the cryptocurrency.

Additionally, the European Central Bank's (ECB) interest rate decision on Thursday could still surprise markets, with rising energy costs carrying hawkish surprise risks and easing core inflation signaling a hard pause.