The price of Bitcoin experiences a positive start to the week.
After several weeks of downward trend, the price of Bitcoin seems to finally be on the path to recovery. However, some economic and macroeconomic facts could cause a new stumble for the currency. The environment this week does not seem entirely stable for the leading digital currency by market capitalization.
This week, data of great importance will be released, such as the quarterly economic growth in the United States. This is one of the biggest enigmas, considering that forecasts vary radically. In any case, if the GDP data published on Wednesday results in negative numbers, prices of risk assets would drop.
A contracting GDP translates to 50% of the way towards a technical recession in the economy. Hence, the red numbers, as expected by the GDPNow from the Atlanta Fed, would lead the price of BTC and stocks towards a new collapse. By Friday, the Fed's favorite inflation data, the PCE, will be known.