👌👌$BTC

While FED's Leading Inflation Data is Waited for Bitcoin, Analysts Announced the Rising Obstacles for BTC!

Bitcoin's consolidation in the $67,000-68,000 range indicates a period in which many analysts have short-term bullish expectations. However, despite these expectations, it is stated that macroeconomic factors may affect the rise of Bitcoin.

According to analysis, rising bond yields could have a negative impact on Bitcoin. This may reduce investors' interest in relatively risky assets. A rise in bond yields could reduce demand for risky assets like Bitcoin and other technology stocks.

Rising bond yields could put pressure on all asset classes, according to Goldman Sachs analysts. Therefore, investors should closely monitor the Personal Consumption Expenditures Price Index (PCE), one of the leading data that the Federal Reserve tracks on interest rates.

PCE data is one of the critical indicators that the Federal Reserve monitors to achieve its inflation target. If PCE data comes in above expectations, investors may avoid risky assets. This could negatively impact the prices of Bitcoin and other crypto assets.

As a result, Bitcoin's short-term performance may depend on macroeconomic factors as well as data such as PCE. Investors should closely monitor market developments and macroeconomic indicators and adjust their investment strategies accordingly.

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