BTC traders wait for $50K bottom: Five things to know in Bitcoin this week

💡 DMK Insight

Bitcoin’s forecast for lower macro lows is a signal traders can’t ignore right now. With US inflation data on the horizon, volatility is likely to spike, especially given the recent fluctuations in the Japanese yen. Traders should be prepared for potential cascading effects across crypto and forex markets. If inflation comes in higher than expected, it could trigger a sell-off in risk assets, including Bitcoin, which has historically reacted negatively to rising inflation fears. Keep an eye on key support levels for Bitcoin; a breach below recent lows could accelerate downward momentum. Conversely, if inflation data surprises to the downside, we might see a short-term rally, but that could be short-lived if macroeconomic conditions remain shaky. Watch for the upcoming inflation report and monitor Bitcoin’s price action closely. A decisive break below established support could signal a shift in sentiment, while a bounce could provide a short-term trading opportunity.