Fragile Bitcoin Braces for Major Economic Data Week

Now trading beneath $80K, a fragile Bitcoin price could face a buffeting from the economic winds of an important week of major economic data releases. An FOMC meeting, PCE inflation data, wage inflation, and company earnings are all released this week. How will the $BTC price react? US 10-year bond yield to continue to fall Source: TradingView The short-term chart above shows that the 10-year bond yield has broken down from a head and shoulders topping pattern . Initially coming down as low as 4.94%, the yield has formed a bear flag. This could allow the yield to get back above 5% but if the flag plays out, the current end game is another breakdown which could eventually take the yield down to the full measured move out of the…

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