What Traders Are Watching for Bitcoin's Next Move
In briefBitcoin is holding near $78,000 after a hot PCE inflation reading knocked it back from an $81,000 high, with a $6.4 billion options expiry, Fed Chair Kevin Warshs first Jackson Hole speech, and Nvidia earnings all landing within 48 hours of each other.The CME FedWatch tool now prices a 38.4% chance of a September rate hike, down from 82% a month ago, with the Feds next decision due September 16.Analysts are split on what comes next, with some calling this the late stage of a bear market bottoming out and others warning of a bull trap if Bitcoin cant clear $82,000. Bitcoin is holding near $78,000 after a rally that briefly took it above $81,000 got interrupted by a hot inflation report. That single data point contributed to erasing roughly $3,000 from Bitcoins price in a few hours, a reminder of how fast sentiment can flip when positioning is this stretched. The bigger issue for crypto traders right now might be timing. Over the next 48 hours, five separate catalysts converge on top of each other: economic data, a giant options expiry, a new Fed chair‘s first big speech, Nvidia’s earnings, and a rate decision now three weeks away. Myriad: Bitcoin next









