{"id":53355,"date":"2025-04-29T04:24:44","date_gmt":"2025-04-29T04:24:44","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53355"},"modified":"2025-04-29T04:24:45","modified_gmt":"2025-04-29T04:24:45","slug":"bitcoin-price-consolidation-likely","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53355","title":{"rendered":"Bitcoin price consolidation likely?"},"content":{"rendered":"<p>Bitcoin traders could risk off as a handful of US macroeconomic reports print throughout the week.<\/p>\n<p><strong>Key takeaways:<\/strong>\u00a0<\/p>\n<ul>\n<li>\n<p>A week full of US macroeconomic reports could impact Bitcoin traders\u2019 sentiment.\u00a0<\/p>\n<\/li>\n<li>\n<p>Bitcoin\u2019s rally could stall if there\u2019s a sharp reduction in spot buy volumes.<\/p>\n<\/li>\n<li>\n<p>If PCE, the ISM PMI, and jobs data align with market expectations, BTC could rally.\u00a0<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin price could face a period of range-bound trading after managing a 10.37% rally over the past 7 days. Robust spot purchasing demand from Strategy, the spot BTC ETFs, and announcements from 21Shares and Coinbase played a role in Bitcoin\u2019s rally to $95,700. With the exception of the April 28 announcement of a $1.42 billion BTC purchase from Strategy, a quiet week on the crypto news front could translate to a reduction in spot demand and lower support tests from Bitcoin price.\u00a0<\/p>\n<p>This week is also event-filled on the macroeconomic data reporting side. On April 29, the Job Openings and Labor Turnover Survey (JOLTS) report will be published, and the data could provide insight into how the US-led trade war and tariffs are being digested by the labor market.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01967e08-20b9-7fb6-88b0-12107cec1f73\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, United States, Inflation, White House, Donald Trump\" \/><figcaption><em>Job openings, hires, and separation rates, seasonally adjusted (JOLTS). Source: <\/em><em>BLS.gov<\/em><\/p>\n<p>On Friday, May 2, the jobs report will publish, and given the recent tariff-induced volatility, it&#8217;s possible that the data could show a \u201creal big pause in the economy.\u201d\u00a0<\/p>\n<p>The Core PCE (Personal Consumption Expenditures) forecast will be released on April 30, and the data will give a clear view of any significant shifts in US inflation.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01967e09-05d7-7bda-85c0-2caf03799fb4\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, United States, Inflation, White House, Donald Trump\" \/><figcaption><em>US Core PCE Price Index (MoM). Source: <\/em><em>Investing.com<\/em><\/figcaption><\/figure>\n<p>The United States ISM Manufacturing PMI data is released on May 1. Recently, the data reflects the fear businesses have experienced due to the US-led tariff war as they put their business planning on hold to see how things play out. Markets could react negatively if the report shows further deterioration in the ISM PMI.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01967e09-9bc7-72c4-9730-0013867d9a09\" alt=\"Cryptocurrencies, Bitcoin Price, Markets, United States, Inflation, White House, Donald Trump\" \/><figcaption><em>US ISM Manufacturing PMI. Source: <\/em><em>MacroMicro.me<\/em><\/figcaption><\/figure>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin price cools off amid worrying macroeconomic data \u2014 Will $95K hold this week?<\/strong><\/em><em><strong>\u00a0<\/strong><\/em><\/p>\n<p>Depending on the market context, traders tend to cut or add to risk during weeks chock-full of macroeconomic data. Given the downside market volatility seen throughout April, it seems more likely that traders will take the more cautious approach, reinforcing the earlier stated view that Bitcoin price could consolidate throughout the week.<\/p>\n<p>At the time of writing, Bitcoin price trades slightly below $95,000, and since reaching the level on April 25, BTC has carved out a tight range between $93,000 to $95,500.<\/p>\n<\/figcaption><\/figure>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin traders could risk off as a handful of US macroeconomic reports print throughout the week. Key takeaways:\u00a0 A week full of US macroeconomic reports could impact Bitcoin traders\u2019 sentiment.\u00a0 Bitcoin\u2019s rally could stall if &hellip; <a title=\"Bitcoin price consolidation likely?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53355\"><span class=\"screen-reader-text\">Bitcoin price consolidation likely?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53357,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-53355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin price consolidation likely? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53355\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price consolidation likely? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin traders could risk off as a handful of US macroeconomic reports print throughout the week. 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