$BTC

Bitcoin is currently hovering around $104,800 📈, and analysts expect it could break past $107,000 next week if strong demand continues. Technical indicators suggest a potential breakout above $106,400🔥, which could lead to further gains. Some experts even predict that Bitcoin could reach $500,000 by 2029 🚀.

Macro events to watch next week:

- Federal Reserve Meeting 🏦: Investors are closely watching for signals on interest rate policy. Any dovish stance could boost Bitcoin.

- US Nonfarm Payrolls Report 📊: Labor market strength will be key. A weaker-than-expected report might push Bitcoin higher.

- Nvidia Earnings Report 💻: Tech stocks' performance often correlates with crypto. A strong report could fuel bullish sentiment.

- Stablecoin Legislation ⚖️: New US regulations on stablecoins could impact Bitcoin’s market cycle.