PANews reported on March 9 that according to Cointelegraph, Iliya Kalchev, a Dispatch analyst at Digital Asset Investment Platform Nexo, said that Bitcoin prices will continue to be pressured by macroeconomic developments and global trade issues, and all eyes will turn to major economic events in the United States next week, including the consumer price index, which is expected to mark a slowdown in inflation. And the job vacancy report will be a key indicator of the strength of the labor market and the potential for lower interest rates. Bitcoin is at risk of a weekly close below $82,000 due to disappointing US Bitcoin reserves, and a fall below the key price support level of $82,000 could trigger a $1.13 billion cumulative leveraged long liquidation.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysis: The near-term $82,000 or the key support level of BTC will be seriously affected by macroeconomic factors in the short term
PANews reported on March 9 that according to Cointelegraph, Iliya Kalchev, a Dispatch analyst at Digital Asset Investment Platform Nexo, said that Bitcoin prices will continue to be pressured by macroeconomic developments and global trade issues, and all eyes will turn to major economic events in the United States next week, including the consumer price index, which is expected to mark a slowdown in inflation. And the job vacancy report will be a key indicator of the strength of the labor market and the potential for lower interest rates. Bitcoin is at risk of a weekly close below $82,000 due to disappointing US Bitcoin reserves, and a fall below the key price support level of $82,000 could trigger a $1.13 billion cumulative leveraged long liquidation.