Will BTC Break the $100K Mark? | Airdrop Alert Pro

This week is full of major economic events that may impact The price of Bitcoin and overall market sentiment. With crucial data issuance and some Fed speeches, traders and investors should remain alert in the hope of possible market volatility.

February 25: Consumers’ confidence in the key points

The first major event to watch is CB Consumer Confidence Report Show people’s perception of the economy. If confidence rises, investors may move towards greater risks towards Bitcoin.

However, if it drops, it can trigger caution and lead to callbacks. However, January’s report was 109.5, while February’s report is expected to drop to 105.7.

February 26: Housing Market and NVIDIA Income

In the middle of the week, two key updates will attract attention. January’s new home sales report will provide insights into the health of the real estate market, an important factor in overall economic stability.

Meanwhile, everyone will be paying attention to Nvidia’s earnings report. Given the company’s important role in AI and tech stocks, good performance can improve the wider market, thus benefiting Bitcoin and other cryptocurrencies.

February 27: U.S. GDP report

The highly anticipated first-quarter U.S. GDP data will be released on Thursday. A lot of reading can enhance confidence in the economy and turn investors to more risky assets. However, if GDP figures earn less than expected, it could raise concerns about a slowdown, leading to increased volatility in the crypto market.

February 28: Inflation data and Fed watch

To end the week, Personal consumption expenditure (PCE) The inflation report will focus on one of the Fed’s preferred inflation scales. If inflation remains stubborn, it could impact future interest rate decisions, which can affect investor sentiment towards Bitcoin and other risky assets.

All weekly speeches

A total of 10 Fed officials plan to speak throughout the week. Their statements about inflation, interest rates and economic conditions may drive changes in the market. Any tips on future monetary policy may have a direct impact on Bitcoin’s price action.

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Bitcoin’s struggle continues: Will it break?

However, in the past three weeks, Bitcoin has Always trying to break More than $100,000 trademark. As of now, Bitcoin is being merged, about $95,890, down 1% over the past 24 hours.

The main challenge is the $97,000 resistance, consistent with the 50-day EMA. Breakthroughs above this level may trigger strong rally, while rejection may lead to a decline.

If Bitcoin pushes it above $97,000, it could target $98,500, or even the main $100,000. However, if it fails, $95,000 may be withdrawn, with further downside potential of $93,500 or even $92,000.