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Bitcoin’s price movement is under scrutiny as key U.S. economic reports—retail sales, jobless claims, and the Fed’s rate decision—could signal an economic slowdown. Analysts suggest these factors may trigger a bullish breakout for Bitcoin, especially if interest rates drop. Traders are already positioning themselves ahead of potential market shifts.
- A 0.6% drop in U.S. retail sales could signal economic weakness, potentially leading to Fed rate cuts and a bullish Bitcoin trend.
- Rising jobless claims and political pressure on the Fed may influence Bitcoin's price, with traders already reacting to early data.
- Long-term Bitcoin projections suggest a potential rise to $230,000, fueled by market indicators and institutional interest.
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