Bitcoin holds its breath. In a context where any economic decision can sway the markets, it seems that the most sought-after digital assets are ready to reach a new milestone. Amid conflicting signals and frenzied expectations, one thing is certain: there are key factors that will make this week truly extraordinary.
All eyes are on key factors that could cause a correction in the price of Bitcoin or, conversely, could boost its upward momentum that began in early April.
The price of Bitcoin remains stable at $93,500, a critical level to maintain its short-term upward momentum.
The Federal Reserve's decision regarding interest rates on May 7 may strongly influence market direction.
Recession fears increase demand for Bitcoin as a safe haven.
Bitcoin's dominance reaches 65%, indicating increased pressure on alternative currencies before a potential "altcoin season."
The U.S. economy shows concerning signs pointing to a slowdown. Consumer expectations for a recession have reached 72%. The context of the trade war and weak GDP numbers in the United States would fuel this worrying climate. In this environment, Bitcoin attracts attention as an alternative safe haven.