Bitcoin risks closing the week below the critical support level of $82,000, as investor disappointment over the lack of federal investment in the US Strategic Bitcoin Reserve leads to negative market sentiment. Analysts warn this could trigger significant liquidations, amounting to over $1.13 billion.
The upcoming US economic reports, including the Consumer Price Index, will play a crucial role in determining Bitcoin’s short-term trajectory. The lack of momentum in Bitcoin prices since early March emphasizes the impact of macroeconomic factors on market sentiment and price stability.