Bitcoin Targets $110k as Economic Events Unfold, While Altcoin Season Signals Emerge
Bitcoin Targets $110k as Economic Events Unfold, While Altcoin Season Signals Emerge
The crypto market is gearing up for a potentially volatile week, with Bitcoin strongly positioned to eye the $110,000 mark. This optimistic outlook for BTC is closely linked to a series of upcoming U.S. economic events, including Federal Reserve speeches, jobless claims, and crucial CPI and PPI reports, which could act as catalysts for significant price movements and breakout momentum. Concurrently, market analysts are detecting nascent signs of an 'altcoin season,' characterized by a weakening in Bitcoin Dominance and psychological indicators hinting at an altcoin rebound, though experts remain divided on the immediate emergence of such a trend.
Analysts say weakening Bitcoin Dominance and key psychological signals hint at an altcoin rebound, though mixed technical signs keep traders divided on whether a true season is near.
Bitcoin is eyeing $110,000 as key U.S. economic events line up this week. From Fed speeches and jobless claims to CPI and PPI reports, these indicators could shape the next major move. With the U.S. shutdown deal near, traders brace for volatility and potential breakout momentum.