Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week
From Cointelegraph
April 28, 2025 4:30:00 PM:
Bitcoin price faces range-bound trading after a 10.37% rally. Spot purchasing demand from Strategy and others fueled the rally to $95,700. A quiet week in crypto news could reduce spot demand. US macroeconomic reports this week may impact Bitcoin sentiment. If data aligns with expectations, BTC could rally.
Key macroeconomic reports this week include JOLTS, jobs report, Core PCE forecast, and ISM Manufacturing PMI data. Recent tariff-induced volatility may impact the economy. ISM PMI data may show businesses’ fear due to the tariff war. Traders likely to be cautious amid market volatility, leading to Bitcoin consolidation. Bitcoin price currently trades below $95,000.
Read more at Cointelegraph: Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week