Bitcoin (BTC) faces another week of “huge” macro announcements after the lowest weekly close since July.
After days of losses following the latest inflation data from the United States, BTC/USD, like altcoins and risk assets more broadly, has failed to recover.
The largest cryptocurrency has yet to flip $20,000 to convincing support, and as the third full week of September begins, the danger is once again that that level could function as resistance.
Bulls have plenty to worry about — the coming days will see the Federal Reserve decide on the next key rate hike, something that will affect the market far beyond mere sentiment.
In addition, the aftermath of the Ethereum (ETH) Merge continues to play out, while at defunct exchange Mt. Gox, reimbursements to creditors add another potential cloud to the Bitcoin price landscape.
Cointelegraph takes a look at five potential market-moving factors to keep an eye on in Bitcoin over the coming week.
Fed rate hike "sledgehammer" in focus
The...
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