Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week

Bitcoin price still in bargain zone as US jobs report sparks rate cut hopes - TECHTELEGRAPH

Key Takeaways: Fidelity Digital Assets says Bitcoin is undervalued and the firm holds an optimistic mid-term outlook. The JOLTS report shows a sharp drop in open US jobs, raising investors’ hope for Fed interest rate cuts. According to Fidelity Digital Assets, Bitcoin’s (BTC) mid-term outlook dropped to an “optimism” zone, as the investment firm noted that BTC is trending toward “undervaluation.” As proof, the firm cited the ‘Bitcoin Yardstick…

Arizona Legislature Approves Bitcoin Reserve Bill, Awaits Governor's Signature Bitcoin ETHNews

Arizona Legislature passed SB 1025 to invest 10% of annual public funds in Bitcoin as an inflation hedge. Arizona House approved SB 1025 with 31-25 vote; Governor Hobbs must decide by May 15, 2025. Bitcoin price rose 1% to $94.5K, with potential to surpass $99K resistance amid growing demand. The Arizona Legislature passed a bill on Monday directing the state to allocate 10 percent of its annual public funds to Bitcoin. The measure, labeled SB 1…

Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week

Key takeaways: A week full of US macroeconomic reports could impact Bitcoin traders’ sentiment. Bitcoin’s rally could stall if there’s a sharp reduction in spot buy volumes.If PCE, the ISM PMI, and jobs data align with market expectations, BTC could rally. Bitcoin (BTC) price could face a period of range-bound trading after managing a 10.37% rally over the past 7 days. Robust spot purchasing demand from Strategy, the spot BTC ETFs, and announcem…

Bitfinex Alpha | Bullish Momentum Starting To Form

Bitcoin continues to showcase impressive resilience, climbing over 10 percent in the past week and outperforming traditional risk assets like the S&P 500. After enduring several weeks of choppy price action and low liquidity, Bitcoin has reclaimed the $94,000 range lows – a pivotal marker... The post Bitfinex Alpha | Bullish Momentum Starting To Form appeared first on Bitfinex blog.

Bitcoin Faces Short-Term Resistance at $94,000: Analysts Predict Consolidation Before $100,000 Breakthrough

According to COINOTAG News on April 28th, 10x Research has issued a detailed analysis regarding the current state of Bitcoin. The report indicates that the $94,000-95,000 resistance zone is likely

Bitcoin Price Rises Past $94,000 as Whales, Institutions Continue Aggressive Acquisition

The overall crypto market cap rose by 0.21 percent in the last 24 hours. While BTC logged minor gains, ETH settled with small losses. The movement of the altcoins indicate at prevailing volatility, however, analysts say the market sentiment is bullish.The overall crypto market cap rose by 0.21 percent in the last 24 hours. While BTC logged minor gains, ETH settled with small losses. The movement of the altcoins indicate at prevailing volatility,…