Analysts Say Risk May Continue in Bitcoin Until September, List Critical Events That Could Affect the Market This Week!

this week Bitcoin and it will be a critical week for the cryptocurrency market. Because this week ABD CPI and PPI data will be disclosed.

While BTC and the market started this critical week with a decline QCP Capital An updated assessment came from analysts.

Analysts said that despite a week since the sharp market crash that sent Bitcoin below $50,000 and a strong recovery afterwards, BTC continues to struggle to stay above $60,000.

Analysts, who noted that the put (sell) trend in Bitcoin had increased to -25% during the panic of the sharp decline last week, stated that the put trend has returned to the previous -5% levels and has normalized significantly.

Although investors’ selling sentiment has largely slowed, analysts are betting the market will remain cautious in the near term. EHe stated that sales in BTC will continue until September.

These Two Events Will Be Followed This Week in Bitcoin!

Analysts stated that Elon Musk’s interview with Trump this week and the US CPI data to be announced on Wednesday are of critical importance for Bitcoin and the market, saying:

“While the BTC put slope has normalized significantly from -25% during the panic to pre-wash levels of -5%, the market remains cautious in the near term and there is a BTC put slope into September.

In the previous two sharp declines this year (April and June), BTC rose above 70,000 in less than a month.

With Blackrock experiencing consistently positive inflows in Bitcoin throughout the week, we expect continued liquidity and support from US investors.

“Macro factors remain critical to crypto markets. While Asian stock markets are supported today, some potential volatility events to watch out for are Elon Musk’s interview with Trump at 8 PM ET and the US CPI data on Wednesday.”

*This is not investment advice.