LATEST BTC UPDATE MARKET IS WAITING FOR MOMENTUM


Bitcoin price is still moving sideways after the previous increase. The market looks calm, but this is usually the phase before a big move.
Current conditions:
$BTC still holding in the support area
Volume is starting to decrease
Indications of accumulation by big players
Upcoming important news:
US CPI inflation data (
If inflation decreases, the chance for BTC to rise increases.
If it rises, the market could correct.
The Fed's interest rate decision
Lowering interest rates usually becomes a positive sentiment for crypto.
Conversely, if rates stay high, the market could be held back.
Flow of funds into Bitcoin ETFs
If there is a large inflow, it means institutions are still entering. This could push prices higher.
Key point: The market is currently in a waiting phase. Usually, after conditions like this, there will be a big movement either up or down.
Conclusion: The next direction of BTC heavily depends on this week's economic data.
If the sentiment is positive, the chance to continue rising remains open. If not, there could be a correction first before continuing.
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BTC-1.1%
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