After a period of relative consolidation, where Bitcoin remained largely flat around the $63,000 mark, traders are bracing for heightened volatility.
The coming days are packed with critical economic indicators, including the latest US inflation data, and a wave of significant token unlocks that could test current support levels.
The Weekly Post-Mortem Macro & Legislative CalendarThis week’s fed meeting schedule and economic releases are the primary drivers for potential market shifts.
Next on July 15 (Wednesday) the Producer Price Index (PPI) release will offer additional insight into inflationary pressures.
Whether this week acts as a spring for a corrective rally or a test of recent lows depends heavily on how the market digests these incoming catalysts.
Risk ManagementDisclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
