$BTC

The current price of Bitcoin (BTC) is in a consolidation phase between US$95,761 and US$93,625, ahead of the announcement of important economic data from the US.

The Gross Domestic Product (GDP) release yesterday, the Personal Consumption Expenditures (PCE) index to be released today, and the non-farm payroll data next Friday are predicted to provide direction for the increasingly dynamic market.

Latest Crypto Analysis: Signs of Bullish Momentum?

On the other hand, this price stability of Bitcoin is happening amid several technical and on-chain indicators showing potential short-term fluctuations and long-term bullish momentum.

One of the key factors observed by analysts is the increasing percentage of Bitcoin supply that is currently in profit.