Bitcoin is facing a bearish signal for the first time since October, causing concern among traders. The market is waiting for key economic data, including inflation numbers, labor market updates, and signals from the Federal Reserve, which could influence Bitcoin's next move. The MACD indicator has turned negative, which could indicate a possible downturn for Bitcoin. Investors are particularly focused on the Consumer Price Index report for January, which is expected to show a 2.9% increase in consumer prices. If the figure falls below expectations, it could lead to rate cuts from the Federal Reserve and potentially benefit Bitcoin. However, if inflation remains persistent or exceeds expectations, it may prompt the Fed to slow or pause its easing cycle, which could negatively impact Bitcoin and other risk assets. Traders have varying opinions on Bitcoin's next move, with some suggesting a potential test of $105,000 and new all-time highs, while others warn that a drop below key support levels could lead to a steep decline.



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