Macro Week May Push Bitcoin Past $85,000
Bitcoin is trading around $83,000 as major macroeconomic releases prepare to impact markets. The upcoming US jobs and inflation figures could either propel BTC beyond $85,000 or trigger a sharp correction.
The link between macro and Bitcoin price action has never been more direct. This week's key data points include the Non-Farm Payrolls (NFP) report and inflation (CPI) data.
A weaker-than-expected labor market or pullback in inflation could reignite expectations of a Fed rate cut, easing pressure on yields and giving risk assets room to breathe.