Cointelegraph reports five crucial factors to monitor in the Bitcoin market this week. These indicators may provide insight into potential price movements and overall market sentiment. Firstly, Bitcoin faces a strong resistance level at $12,300. Failure to break above this point could lead to a price correction. Secondly, traders are watching to see if the CME gap will be filled. These gaps often act as magnets for price action. Thirdly, the upcoming US July CPI (Consumer Price Index) and PPI (Producer Price Index) releases will significantly impact market sentiment, potentially affecting Bitcoin's price. Fourthly, large USDT (Tether) movements by whale addresses are always a key signal. Significant inflows to exchanges can indicate selling pressure. Finally, watch the Coinbase premium. A negative Coinbase premium, where Bitcoin trades lower on Coinbase compared to other exchanges, suggests potential selling pressure from US investors. Monitoring these five points can help traders navigate the week ahead. ```

#BTC #PPI #USDT