Bitcoin Magazine

Bitcoin Price Weekly Outlook: Analysts Flag Key Signals Ahead of Inflation Data

Bitcoin Price found support at the 21-day EMA last week, avoiding a deeper slide after closing at the prior week’s lows. Bulls managed to defend the $107,000 level, but momentum stalled just below resistance. From Wednesday through Friday, Bitcoin failed to close above $112,500 and ended the week at $111,162.

The inability to reclaim $112,500 highlighted a pause in the recent recovery. Still, holding above $107,000 has kept the bias slightly to the upside for now. Traders are closely watching whether this consolidation develops into a base or a continuation of the downtrend.

Key…

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