We have quite an exciting week ahead when it comes to economic events. Many observers of the bitcoin market speculate that its price may soon draw various parabolas on its chart.

Arthur Hayes predicts that the price of bitcoin may soon jump to around 110 thousand dollars, after which another bull run will occur.

It all comes down mainly to a change in policy from the American Federal Reserve.

This week we will learn, among other things, data regarding core inflation in the USA.

Buckle up, it's going to shake

This week the Federal Reserve will announce the core inflation rate for the month of February. Economists predict an increase from 2.6% to 2.7%.

Additionally, we will learn the Fed's estimated forecast for the level of inflation in March year on year.

Thanks to this, market observers will be able to better assess the current situation regarding changes in price levels. This, in turn, will allow for an evaluation of the prospects for the upcoming months regarding the inflow of funds into risky markets, including cryptocurrencies.

Of course, we are most interested in the information regarding GDP growth in the United States for the last quarter of 2024 and those concerning inflation. These data will influence the Federal Reserve's further decisions regarding quantitative easing.

Arthur Hayes expects that we will soon see a rebound on the price chart of bitcoin towards a new ATH at the level of 110 thousand dollars.

Then the market will enter bull run mode and the BTC price will continue to rise.