Bitcoin ignores several good news, should we fear a correction this weekend? Here's another opportunity to consider to dilute the risk:

Following a bullish start to the week, Bitcoin's short-term trend has become increasingly uncertain since Thursday, a deterioration in the context that could lead to a more or less extensive correction this weekend.

It should be remembered that the BTC/USD price has tested the $44,000 threshold several times in recent days, without managing to stay above it for long, despite clear positive factors.

Bitcoin ignores two major bullish factors.

Notably, Friday saw a larger-than-expected drop in the PCE price index, reputed to be the Fed's most important measure of inflation.

As a result, bets on a rate cut in March 2024 have risen again, with the CME's FedWatch tool indicating that investors are now pricing in an 88% chance that the Fed will cut rates on that date, up from 80% the day before, and less than 70% a week ago.

Another positive piece of news that Bitcoin shrugged off on Friday was BTC spot ETF case, as Fox Business revealed that SEC staff held separate conference calls with companies that offered spot BTC ETFs on Thursday, in what experts say is a positive signal for approval in January.

However, despite this supportive fundamental backdrop for the upside, Bitcoin has not shown a clear reaction, which in itself is a warning signal, indicating a depletion that could lead to a recovery in the form of a correction.