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

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

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

MARKET NEWS

Key points:

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

The Bitcoin rally may stall if there is a strong 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. Strong spot buying demand from Strategy, spot BTC ETFs, and announcements from 21Shares and Coinbase contributed to Bitcoin's rise to US$ 95.700. With the exception of 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 lower support tests for the price of Bitcoin.

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