Here are the key economic events this week (April 28–May 4, 2025) that could impact Bitcoin (BTC):
1. Q1 GDP Report (April 30): Weak growth could increase expectations of a Fed rate cut, benefiting BTC.
2. PCE Inflation Data (April 30): A drop in inflation could support rate cut expectations, boosting BTC.
3. Non-Farm Payrolls (NFP) (May 2): Weak job data may raise expectations for a rate cut, positive for BTC.
4. Unemployment Rate (May 2): A rise in the unemployment rate could raise expectations of a rate cut, benefiting BTC.
BTC Price Outlook:
BTC is around $94,392. A strong jobs report or positive data could push BTC towards $100K.