Top 4 Crucial Factors Influencing Bitcoin Price This Week

IconCryptoNewsTerminal Staff09 Sep, 2024

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Top 4 Crucial Factors Influencing Bitcoin Price This Week

Cointelegraph brings you four key factors to keep an eye on regarding Bitcoin's price action this week: - BTC's Attempt to Regain Momentum: Bitcoin is attempting to regain its upward momentum after finding support at $54,500. - US Inflation Data: Important inflation data (CPI and PPI) will be released in the US on September 18th. This data can significantly impact the market. - Outflows from US BTC Spot ETF: It's worth monitoring if the outflows from the US BTC spot ETF continue. - Fractal Analysis: Fractal analysis on the BTC/USD daily chart suggests a potential bullish scenario.