Bitcoin’s price forecast for August – A new ATH may be next, but CPI week is key!

Key Takeaways

Bitcoin has been consolidating forward of the discharge of main U.S financial knowledge, with CPI, PPI, and retail gross sales prone to affect Fed coverage. Rising leverage might allude to bullish momentum, but it surely may also increase the danger of sharp pullbacks if macro knowledge disappoints.

Bitcoin [BTC] has been in a holding sample currently, with merchants bracing for a wave of U.S. financial knowledge this week. Inflation figures, specifically, might set the tone for the Federal Reserve’s subsequent charge transfer and it might determine whether or not there shall be a brand new Bitcoin ATH or not.

Inflation, spending, and sentiment take middle stage