#ArizonaBTCReserve Consolidation of the Bitcoin price is likely, with reports on PCE, manufacturing, and US jobs being published this week

Bitcoin traders may take risks, as several macroeconomic reports from the US will be released throughout the week.

Consolidation of the Bitcoin price is likely, with reports on PCE, manufacturing, and US jobs being published this week

MARKET NEWS

Key points:

A week full of US macroeconomic reports could impact the sentiment of Bitcoin traders.

The Bitcoin rally may stall if there is a significant reduction in spot buying volume.

If the PCE, ISM PMI, and employment data meet market expectations, BTC may rise.

The price of Bitcoin

BTC

R$ 536.018

may face a period of sideways trading after recording a 10.37% increase in the last 7 days. The strong demand for spot buying by Strategy, BTC spot ETFs, and announcements from 21Shares and Coinbase contributed to the rise of Bitcoin to US$ 95.700. Except for the announcement of the purchase of US$ 1.42 billion in BTC by Strategy on April 28, a quiet week in crypto news may translate into reduced spot demand and tests of lower support for the Bitcoin price.

This week is also packed with events in the field of macroeconomic data. On April 29, the Job Openings and Labor Turnover Survey (JOLTS) will be published, which may provide insights into how the trade war and tariffs led by the US are affecting the labor market.