Bitcoin price breakout above $97,000 could trigger a rally toward $98,500 and possibly $100,000, while failure could push BTC down to support levels at $95,000.
Federal Reserve speeches and inflation data are expected to influence financial markets this week.
The current week begins with the release of the Conference Board (CB) Consumer Confidence Index. The indicator captures public opinion about the economy, and it has an impact on market trends. A better-than-expected reading might lead investors to be more aggressive, which could be positive for Bitcoin (BTC). Alternatively, lower confidence might result in caution, which could see risk assets retreat. The last report had a reading of 109.5, while February’s estimate is at 105.7.
Housing Market Trends, Inflation & Federal Reserve Policy In Focus
Tuesday brings new information on the housing market via the January New Home Sales report. The data is a major economic health indicator, as a strong housing market usually means
